Adam L. Miller Sells 21,000 Shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Stock

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $55.89, for a total value of $1,173,690.00. Following the sale, the chief executive officer now directly owns 2,321,858 shares in the company, valued at $129,768,643.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ CSOD traded up $0.45 on Friday, reaching $62.06. The stock had a trading volume of 538,077 shares, compared to its average volume of 576,167. The firm has a 50 day simple moving average of $55.60. The company has a debt-to-equity ratio of 4.88, a current ratio of 1.48 and a quick ratio of 1.48. Cornerstone OnDemand, Inc. has a 1 year low of $45.89 and a 1 year high of $62.20. The company has a market capitalization of $3.70 billion, a P/E ratio of -269.83 and a beta of 1.04.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The firm had revenue of $140.10 million during the quarter, compared to analysts’ expectations of $135.51 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Cornerstone OnDemand, Inc. will post -0.06 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its stake in Cornerstone OnDemand by 164.0% during the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after purchasing an additional 528 shares during the period. Manchester Capital Management LLC bought a new stake in Cornerstone OnDemand during the 1st quarter valued at approximately $76,000. Contravisory Investment Management Inc. bought a new stake in Cornerstone OnDemand during the 2nd quarter valued at approximately $154,000. Pearl River Capital LLC bought a new stake in Cornerstone OnDemand during the 1st quarter valued at approximately $150,000. Finally, National Asset Management Inc. bought a new stake in Cornerstone OnDemand during the 4th quarter valued at approximately $239,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.

Several research analysts recently weighed in on CSOD shares. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Guggenheim started coverage on Alteryx in a research report on Thursday, June 27th. They set a “buy” rating and a $107.53 price target on the stock. Finally, Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.36.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

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