Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares saw strong trading volume on Tuesday . 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 research analysts recently commented on the company. Zacks Investment Research cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Monday, April 18th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Cornerstone OnDemand in a report on Wednesday, June 29th. Barclays PLC cut Cornerstone OnDemand from an “overweight” rating to an “underweight” rating and cut their price target for the company from $40.00 to $33.00 in a report on Wednesday, June 1st. Needham & Company LLC increased their price target on Cornerstone OnDemand from $45.00 to $52.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, First Analysis assumed coverage on Cornerstone OnDemand in a research note on Friday, July 1st. They set an “overweight” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.38.

The stock’s 50-day moving average price is $40.37 and its 200-day moving average price is $34.11. The company’s market capitalization is $2.37 billion.

In other Cornerstone OnDemand news, SVP Adam J. Weiss sold 4,129 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $38.06, for a total value of $157,149.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Joseph Carter sold 5,600 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $38.06, for a total value of $213,136.00. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Russell Frank Co increased its position in shares of 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. California State Teachers Retirement System increased its position in shares of 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 position in shares of 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. Nationwide Fund Advisors increased its position in shares of 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. Finally, Jennison Associates LLC increased its position in shares of Cornerstone OnDemand by 2.3% in the fourth quarter. Jennison Associates LLC now owns 1,612,929 shares of the company’s stock valued at $55,694,000 after buying an additional 35,814 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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