Goldman Sachs Group Increases Cornerstone OnDemand (NASDAQ:CSOD) Price Target to $46.00

Cornerstone OnDemand (NASDAQ:CSOD) had its target price hoisted by Goldman Sachs Group from $37.00 to $46.00 in a research report issued to clients and investors on Monday, The Fly reports. Goldman Sachs Group’s target price would indicate a potential upside of 19.29% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. DA Davidson lifted their price target on shares of Cornerstone OnDemand from $40.00 to $45.00 in a report on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Cornerstone OnDemand in a report on Monday, May 11th. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Friday, June 5th. BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Cornerstone OnDemand from $33.00 to $37.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cornerstone OnDemand has an average rating of “Hold” and a consensus target price of $51.90.

CSOD opened at $38.56 on Monday. The firm has a market cap of $2.43 billion, a P/E ratio of -160.67, a P/E/G ratio of 1.45 and a beta of 1.37. Cornerstone OnDemand has a 12 month low of $22.22 and a 12 month high of $64.45. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.98. The stock has a 50-day moving average of $38.00 and a 200 day moving average of $44.01.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings data on Monday, May 11th. The software maker reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Cornerstone OnDemand had a positive return on equity of 40.09% and a negative net margin of 2.45%. The firm had revenue of $150.10 million during the quarter, compared to the consensus estimate of $147.76 million. During the same period in the previous year, the business earned $0.25 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts forecast that Cornerstone OnDemand will post 0.65 earnings per share for the current fiscal year.

In other Cornerstone OnDemand news, insider Heidi Spirgi sold 9,301 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $32.01, for a total value of $297,725.01. Following the sale, the insider now directly owns 23,748 shares of the company’s stock, valued at $760,173.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dean E. Carter sold 1,330 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $33.52, for a total transaction of $44,581.60. Following the completion of the sale, the director now directly owns 14,956 shares in the company, valued at $501,325.12. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Pearl River Capital LLC acquired a new position in shares of Cornerstone OnDemand in the first quarter worth about $40,000. Advisor Group Holdings Inc. acquired a new position in shares of Cornerstone OnDemand in the first quarter worth about $42,000. Aigen Investment Management LP acquired a new position in shares of Cornerstone OnDemand in the first quarter worth about $51,000. Arden Trust Co acquired a new position in shares of Cornerstone OnDemand in the first quarter worth about $51,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Cornerstone OnDemand by 203.7% in the first quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the software maker’s stock worth $52,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 88.09% of the company’s stock.

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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