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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2021 | $61.00 → $57.50 | Buy → Hold | Berenberg |
| 8/9/2021 | $45.00 → $57.50 | Neutral | Mizuho |
| 8/6/2021 | Buy → Hold | Needham | |
| 6/30/2021 | $61.00 | Buy | Berenberg |
Cornerstone Stockholders to Receive $57.50 Per Share in Cash Vector Capital to Make Minority Investment at Closing Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in talent management software, today announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"), a leading private equity firm. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. The $57.50 per share purchase price represents a premium of approximately 31% to Cornerst
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced results1 for its second quarter ended June 30, 2021. Additionally, in a separate release, Cornerstone announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"). Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. Second Quarter 2021 Results2: Revenue for the second quarter of 2021 was $214.3 million. This represents a 16.3% increase compared to the same period of the prior year.
SANTA MONICA, Calif., Oct. 15, 2021 /PRNewswire/ -- Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") today announced that it has completed its acquisition of Cornerstone OnDemand, Inc. (NASDAQ:CSOD, ", Cornerstone OnDemand", , or ", Cornerstone", ))), a global leader in talent management software. The acquisition was previously announced on August 5, 2021, and was approved by Cornerstone OnDemand shareholders on October 12, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. As a result of the transaction, Cornerstone is now a privately held company and shares of Cornerstone co
Clearlake's investment will accelerate Cornerstone's product innovation with the aim of helping organizations and their people grow and succeed, together Vector Capital completes its minority investment in Cornerstone Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") today announced that it has completed its acquisition of Cornerstone OnDemand, Inc. (NASDAQ:CSOD, "Cornerstone OnDemand", or "Cornerstone"))), a global leader in talent management software. The acquisition was previously announced on August 5, 2021, and was approved by Cornerstone OnDemand shareholders on October 12, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares o
Join Cornerstone for a free, virtual event that will provide learning and HR leaders insight, inspiration and tools to build successful strategies for 2022 and beyond Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced it is hosting its annual industry conference, Cornerstone Convergence, on Nov. 16-17, 2021. This year's free, virtual event will embrace the current climate of change and transformation and will drive conversation and inspire action to help organizations and their people come together to achieve extraordinary things at work and be a force of good in the world. Cornerstone Convergence will feature more than 50 thought-provoking sessions where attendees will learn how to
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SANTA MONICA, Calif.--(BUSINESS WIRE)--Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, has named new internal leaders to critical positions focused on strategic growth and innovation initiatives. As organizations and their people rapidly respond and proactively adapt to a new world of work, they are requiring business agility and people upskilling to a degree never experienced before. To help customers respond to these new talent demands, Cornerstone is mobilizing its own executive talent to focus on key growth areas we believe will deliver the most positive and transformative impact to customers, including driving innovation for the co
SANTA MONICA, Calif.--(BUSINESS WIRE)--People development solutions provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results1 for its fourth quarter and fiscal year ended December 31, 2020. The Company has provided supplemental financial information located on its Investor Relations website. On April 22, 2020, the Company acquired Saba Software, Inc. (“Saba”); the discussion below includes Saba’s results for the post-acquisition period. Fourth Quarter 2020 Results: Revenue for the fourth quarter of 2020 was $206.9 million. This represents a 38.3% increase compared to the same period of the prior year. Without giving effect to the acquisition of Saba, revenue wou
SANTA MONICA, Calif.--(BUSINESS WIRE)--Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of Chirag Shah as Chief Financial Officer (CFO) effective Feb. 1, 2021. Interim CFO Trish Coughlin will continue in her role as Chief Accounting Officer and will support a seamless transfer of responsibilities to Shah. Shah is a seasoned finance expert with over 10 years of experience at Cornerstone during which he has served in a number of capacities, including overseeing the company’s corporate strategic planning and budgeting, investor relations, global pricing and corporate development functions. Since joining Corners
Berenberg downgraded Cornerstone OnDemand from Buy to Hold and set a new price target of $57.50 from $61.00 previously
Mizuho reiterated coverage of Cornerstone OnDemand with a rating of Neutral and set a new price target of $57.50 from $45.00 previously
Needham downgraded Cornerstone OnDemand from Buy to Hold