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

A number of research analysts recently issued reports on CSOD shares. Needham & Company LLC reiterated a “top pick” rating on shares of Cornerstone OnDemand in a research note on Thursday, July 14th. Zacks Investment Research downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. Credit Suisse Group AG reiterated an “outperform” rating and set a $31.00 price objective on shares of Cornerstone OnDemand in a research note on Tuesday, April 5th. Barclays PLC upgraded Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $32.00 to $44.00 in a research note on Friday, July 15th. Finally, Nomura Holdings Inc. reiterated a “buy” rating and set a $44.00 price objective (up from $40.00) on shares of Cornerstone OnDemand in a research note on Friday, May 13th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $42.04.

The stock’s market capitalization is $2.35 billion. The company’s 50-day moving average price is $40.93 and its 200-day moving average price is $34.52.

In other news, SVP Kirsten Maas Helvey sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $37.05, for a total value of $85,215.00. Following the completion of the sale, the senior vice president now directly owns 57,533 shares in the company, valued at $2,131,597.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mark Goldin sold 5,563 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $38.06, for a total value of $211,727.78. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of CSOD. Russell Frank Co boosted 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 worth $3,508,000 after buying an additional 2,592 shares during the period. California State Teachers Retirement System boosted 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 worth $3,452,000 after buying an additional 1,654 shares during the period. Rhumbline Advisers boosted its stake in 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 period. Nationwide Fund Advisors boosted 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 worth $1,216,000 after buying an additional 298 shares during the period. Finally, Jennison Associates LLC boosted its stake in 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 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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