Cornerstone OnDemand Inc. (NASDAQ:CSOD)’s share price traded down 2.7% during mid-day trading on Thursday . The stock traded as low as $41.13 and last traded at $41.75, with a volume of 359,142 shares traded. The stock had previously closed at $42.92.

Several equities analysts have recently issued reports on the company. Bank of America Corp. reaffirmed a “buy” rating on shares of Cornerstone OnDemand in a research report on Sunday. B. Riley reiterated a “buy” rating and issued a $41.50 price objective on shares of Cornerstone OnDemand in a report on Thursday, May 5th. Barclays PLC downgraded Cornerstone OnDemand from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, June 1st. Wunderlich lifted their price objective on Cornerstone OnDemand from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. initiated coverage on Cornerstone OnDemand in a report on Monday, May 23rd. They issued a “buy” rating and a $43.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.04.

The firm has a 50 day moving average price of $40.89 and a 200 day moving average price of $34.41. The company’s market capitalization is $2.29 billion.

In related news, Director R C. Mark Baker sold 5,706 shares of Cornerstone OnDemand stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $42.05, for a total transaction of $239,937.30. Following the transaction, the director now owns 25,706 shares in the company, valued at $1,080,937.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kirsten Maas Helvey sold 2,387 shares of Cornerstone OnDemand stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $43.00, for a total value of $102,641.00. Following the transaction, the chief operating officer now owns 55,146 shares in the company, valued at approximately $2,371,278. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in the company. 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 worth $55,694,000 after buying an additional 35,814 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Cornerstone OnDemand by 82.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 69,024 shares of the company’s stock worth $2,383,000 after buying an additional 31,112 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of 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 worth $2,110,000 after buying an additional 2,100 shares during the last quarter. 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 worth $1,849,000 after buying an additional 3,475 shares during the last quarter. Finally, 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 worth $3,452,000 after buying an additional 1,654 shares during the last quarter.

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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