Cornerstone OnDemand (NASDAQ:CSOD) Earns Buy Rating from Analysts at Berenberg Bank

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Stock analysts at Berenberg Bank started coverage on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a research report issued on Wednesday, The Fly reports. The firm set a “buy” rating and a $61.00 price target on the software maker’s stock. Berenberg Bank’s price target would suggest a potential upside of 14.99% from the company’s previous close.

Several other research firms have also recently commented on CSOD. DA Davidson reissued a “buy” rating on shares of Cornerstone OnDemand in a research note on Wednesday, May 5th. BMO Capital Markets lowered their target price on Cornerstone OnDemand from $63.00 to $50.00 and set a “market perform” rating for the company in a research note on Friday, May 7th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Wednesday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.00.

Cornerstone OnDemand stock opened at $53.05 on Wednesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $3.51 billion, a P/E ratio of -86.97, a PEG ratio of 1.59 and a beta of 1.29. Cornerstone OnDemand has a one year low of $32.99 and a one year high of $55.50. The stock’s 50 day moving average is $46.51.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Thursday, May 6th. The software maker reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Cornerstone OnDemand had a positive return on equity of 59.68% and a negative net margin of 4.83%. The business had revenue of $209.30 million during the quarter, compared to the consensus estimate of $204.22 million. During the same quarter last year, the company earned $0.23 EPS. Cornerstone OnDemand’s revenue was up 39.4% on a year-over-year basis. On average, sell-side analysts anticipate that Cornerstone OnDemand will post 2.13 EPS for the current year.

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In other Cornerstone OnDemand news, insider Adam J. Weiss sold 6,000 shares of the business’s stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $52.52, for a total value of $315,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mark Goldin sold 1,600 shares of the business’s stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $45.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 125,083 shares of the company’s stock, valued at $5,628,735. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,890 shares of company stock valued at $2,536,548. 7.00% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. bought a new stake in Cornerstone OnDemand during the first quarter worth about $45,000. Oder Investment Management LLC bought a new stake in Cornerstone OnDemand in the fourth quarter valued at approximately $65,000. Twin Lakes Capital Management LLC bought a new stake in Cornerstone OnDemand in the first quarter valued at approximately $105,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Cornerstone OnDemand in the fourth quarter valued at approximately $128,000. Finally, Royal Bank of Canada raised its stake in Cornerstone OnDemand by 180.7% in the first quarter. Royal Bank of Canada now owns 4,485 shares of the software maker’s stock valued at $195,000 after buying an additional 2,887 shares during the period. Institutional investors own 85.86% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and people development solutions as software-as-a-service worldwide. Its enterprise people development solutions comprise learning solutions, which provide learning management software to scale with the organization and support compliance, knowledge sharing, and employee-driven development training to close skills gaps; content solution, which provides learning content from its own studios and various quality partners; performance solutions, which provide tools to manage goal setting, performance reviews, competency assessments, compensation management, and succession planning; careers solution, which helps employees understand how to get from their current position to future strategic roles with continuous feedback, goal setting, development plans, career exploration, and engagement survey tools; recruiting solutions, which help organizations to attract, hire, and onboard the right employees; and HR solution, which provides an aggregated view of employee data with workforce planning, self-service management, and compliance reporting capabilities.

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Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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