Cornerstone OnDemand Inc. (NASDAQ:CSOD) reached a new 52-week high on Thursday . The company 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.

CSOD has been the subject of a number of analyst reports. Wunderlich lifted their price objective on Cornerstone OnDemand from $39.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 5th. B. Riley reissued a “buy” rating and set a $41.50 price objective on shares of Cornerstone OnDemand in a report on Tuesday, May 10th. Nomura reissued a “buy” rating and set a $44.00 price objective (up from $40.00) on shares of Cornerstone OnDemand in a report on Friday, May 13th. Zacks Investment Research raised Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Friday, May 6th. Finally, Goldman Sachs Group Inc. initiated coverage on Cornerstone OnDemand in a report on Monday, May 23rd. They set a “buy” rating and a $43.00 price objective for the company. One 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $42.04.

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

In related news, SVP Kirsten Maas Helvey sold 2,300 shares of the business’s stock in a transaction on Monday, May 16th. The stock was 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 in the company, valued at approximately $2,131,597.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Adam J. Weiss sold 3,000 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $37.00, for a total value of $111,000.00. Following the sale, the senior vice president now owns 37,275 shares in the company, valued at $1,379,175. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of CSOD. Jennison Associates LLC boosted its position in Cornerstone OnDemand by 2.3% in the fourth quarter. Jennison Associates LLC now owns 1,612,929 shares of the company’s stock valued at $55,694,000 after buying an additional 35,814 shares during the last quarter. Russell Frank Co boosted its position 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. Mutual of America Capital Management LLC boosted its position 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. New York State Common Retirement Fund boosted its position 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, Rhumbline Advisers boosted its position 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.

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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