Cornerstone OnDemand (CSOD) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Monday, February 26, 2018 10:15 PM ET

Cornerstone OnDemand (CSOD) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

SEC filings today disclosed substantial insider sales of Cornerstone OnDemand shares as two insiders — R C Mark Baker, Director, and Adam L Miller, Director and Officer — sold 29,000 shares in the company having a market value of approximately $1,183,340. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 30,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 59,000 shares and have averaged 19,667 shares per transaction over this time period.

The number of insider buy/sell trades at Cornerstone OnDemand is less than the 18 peer company average over the last 90-day period. The Cloud Computing Services peer group saw 77 buy/sell trades during this period for an average of 4.3 transactions per company. However, the number of shares per buy/sell trade for Cornerstone OnDemand is higher. Within the peer group there were 12,000 shares purchased and 676,593 shares sold with company insiders selling 8,631 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to create and write this story.

Today’s Insider Activity
* R C Mark Baker, Director, sold 5,000 shares
* Adam L Miller, Director and Officer, sold 24,000 shares

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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