Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $45.00 and last traded at $44.21, with a volume of 682,306 shares. The stock had previously closed at $43.24.

Several research analysts recently commented on the company. B. Riley reissued a “buy” rating and set a $41.50 target price on shares of Cornerstone OnDemand in a research note on Thursday, May 5th. Bank of America Corp. reaffirmed a “buy” rating on shares of Cornerstone OnDemand in a report on Sunday, July 17th. Zacks Investment Research downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC lifted their price target on Cornerstone OnDemand from $45.00 to $52.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 14th. Finally, Barclays PLC raised Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $32.00 to $44.00 in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $42.04.

The company’s market cap is $2.42 billion. The stock’s 50-day moving average is $40.98 and its 200 day moving average is $34.78.

In other news, SVP Adam J. Weiss sold 3,000 shares of the firm’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 directly owns 37,275 shares in the company, valued at $1,379,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kirsten Maas Helvey sold 2,300 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $37.05, for a total value of $85,215.00. Following the sale, the senior vice president now owns 57,533 shares of the company’s stock, valued at $2,131,597.65. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Russell Frank Co increased its stake 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 in the last quarter. Nationwide Fund Advisors increased 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 valued at $1,216,000 after buying an additional 298 shares in the last quarter. Rhumbline Advisers increased 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 valued at $1,849,000 after buying an additional 3,475 shares in the last quarter. New York State Common Retirement Fund increased 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 valued at $2,110,000 after buying an additional 2,100 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased 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 valued at $2,383,000 after buying an additional 31,112 shares in the last quarter.

Cornerstone OnDemand, Inc (Cornerstone) 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 needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics.

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