Shares of Cornerstone OnDemand Inc. (NASDAQ:CSOD) fell 2.3% during trading on Friday . The company traded as low as $41.80 and last traded at $42.94, with a volume of 615,283 shares. The stock had previously closed at $43.95.

A number of brokerages have recently commented on CSOD. Bank of America Corp. reiterated a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. B. Riley reiterated a “buy” rating and issued a $41.50 price target on shares of Cornerstone OnDemand in a research note on Thursday, May 5th. Barclays PLC lowered shares of Cornerstone OnDemand from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $40.00 to $33.00 in a research note on Wednesday, June 1st. Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Wunderlich lifted their price target on shares of Cornerstone OnDemand from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.04.

The firm has a 50-day moving average price of $41.04 and a 200-day moving average price of $34.94. The stock’s market capitalization is $2.38 billion.

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 1,135 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $37.02, for a total transaction of $42,017.70. Following the completion of the sale, the director now directly owns 21,841 shares of the company’s stock, valued at $808,553.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kirsten Maas Helvey sold 2,300 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $37.05, for a total transaction of $85,215.00. Following the sale, the senior vice president now directly 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 recently added to or reduced their stakes in the stock. Russell Frank Co raised 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 valued at $3,508,000 after buying an additional 2,592 shares during the last quarter. Nationwide Fund Advisors raised 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 valued at $1,216,000 after buying an additional 298 shares during the last quarter. Rhumbline Advisers raised its stake in 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 last quarter. New York State Common Retirement Fund raised its stake in 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 during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in 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 during 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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