Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares saw unusually-strong trading volume on Tuesday . Approximately 733,768 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 637,061 shares.The stock last traded at $40.95 and had previously closed at $39.14.

Several equities analysts have recently weighed in on CSOD shares. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Cornerstone OnDemand in a research note on Tuesday, April 5th. Barclays PLC lowered Cornerstone OnDemand from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $40.00 to $33.00 in a research note on Wednesday, June 1st. First Analysis started coverage on Cornerstone OnDemand in a research note on Friday, July 1st. They issued an “overweight” rating and a $50.00 price objective on the stock. Wunderlich lifted their price objective on Cornerstone OnDemand from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Finally, Goldman Sachs Group Inc. started coverage on Cornerstone OnDemand in a research note on Monday, May 23rd. They issued a “buy” rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.79.

The firm’s market cap is $2.24 billion. The stock has a 50 day moving average of $40.30 and a 200-day moving average of $34.07.

In other news, SVP Adam J. Weiss sold 3,000 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $37.00, for a total transaction of $111,000.00. Following the completion of the sale, the senior vice president now owns 37,275 shares in the company, valued at approximately $1,379,175. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Kirsten Maas Helvey sold 2,387 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $43.00, for a total value of $102,641.00. Following the sale, the chief operating officer now owns 55,146 shares of the company’s stock, valued at approximately $2,371,278. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in CSOD. Russell Frank Co increased its stake in Cornerstone OnDemand by 2.6% in the fourth quarter. Russell Frank Co now owns 100,793 shares of the company’s stock valued at $3,508,000 after buying an additional 2,592 shares during the period. Nationwide Fund Advisors increased its stake in Cornerstone OnDemand by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 35,216 shares of the company’s stock valued at $1,216,000 after buying an additional 298 shares during the period. California State Teachers Retirement System increased its stake in Cornerstone OnDemand by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 99,965 shares of the company’s stock valued at $3,452,000 after buying an additional 1,654 shares during the period. Rhumbline Advisers increased its stake in Cornerstone OnDemand by 6.9% in the fourth quarter. Rhumbline Advisers now owns 53,554 shares of the company’s stock valued at $1,849,000 after buying an additional 3,475 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Cornerstone OnDemand by 3.6% in the fourth quarter. New York State Common Retirement Fund now owns 61,118 shares of the company’s stock valued at $2,110,000 after buying an additional 2,100 shares during the period.

Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses hiring, developing, engaging employees throughout their careers. The Company also offers Cornerstone Growth Edition, which is a cloud-based talent management solution with learning and performance product offerings targeted to organizations with fewer than 400 employees.

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