Insider Makes Significant Stock Sale Slowing Buying Trend in Cornerstone OnDemand (CSOD) Shares over Last Quarter

Monday, January 29, 2018 10:15 PM ET

Insider Makes Significant Stock Sale Slowing Buying Trend in Cornerstone OnDemand (CSOD) Shares over Last Quarter

A SEC filing today revealed a significant insider sale of Cornerstone OnDemand shares as — Adam L Miller, Director and Officer — disposed of 30,000 shares in the company having a market value of approximately $1,251,392. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 3,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 27,000 shares and have averaged 16,500 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Cornerstone OnDemand is below the 18-company peer group average. Cloud Computing Services peer group saw 52 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares per buy/sell trade for Cornerstone OnDemand is higher. Within the peer group there were 9,000 shares purchased and 723,295 shares sold with company insiders disposing of 13,736 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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