Cornerstone OnDemand Inc. (NASDAQ:CSOD)’s share price shot up 3.3% during trading on Friday . The company traded as high as $42.90 and last traded at $42.89, with a volume of 366,693 shares traded. The stock had previously closed at $41.53.

A number of equities research analysts have issued reports on CSOD shares. Bank of America Corp. reiterated a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. Barclays PLC upgraded Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $32.00 to $44.00 in a research note on Friday, July 15th. Mitsubishi UFJ Financial Group started coverage on Cornerstone OnDemand in a research note on Tuesday, July 19th. They issued a “neutral” rating and a $39.00 target price on the stock. Needham & Company LLC raised their target price on Cornerstone OnDemand from $45.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 14th. Finally, First Analysis started coverage on Cornerstone OnDemand in a research note on Friday, July 1st. They issued an “overweight” rating and a $50.00 target price on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $42.04.

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

In other Cornerstone OnDemand news, SVP David Joseph Carter sold 19,356 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $37.75, for a total value of $730,689.00. Following the sale, the senior vice president now directly owns 70,327 shares in the company, valued at $2,654,844.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R C. Mark Baker sold 1,135 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $37.02, for a total value of $42,017.70. Following the completion of the sale, the director now owns 21,841 shares in the company, valued at $808,553.82. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake 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 worth $1,216,000 after buying an additional 298 shares during the period. Rhumbline Advisers boosted its stake 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 period. New York State Common Retirement Fund boosted its stake 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 period. Mutual of America Capital Management LLC boosted its stake 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 period. Finally, California State Teachers Retirement System boosted its stake 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 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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