Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares dropped 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 traded. The stock had previously closed at $43.95.

CSOD has been the topic of a number of research reports. Credit Suisse Group AG restated an “outperform” rating and set a $31.00 price target on shares of Cornerstone OnDemand in a research note on Tuesday, April 5th. Zacks Investment Research cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. B. Riley restated a “buy” rating and set a $41.50 price target on shares of Cornerstone OnDemand in a research note on Thursday, May 5th. Wunderlich upped their price target on Cornerstone OnDemand from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Finally, Barclays PLC upped their price target on Cornerstone OnDemand from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Thursday, May 5th. 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 issued a strong buy rating to the company. Cornerstone OnDemand currently has a consensus rating of “Buy” and a consensus price target of $42.04.

The firm’s market cap is $2.38 billion. The company’s 50-day moving average is $41.04 and its 200-day moving average is $34.94.

In other Cornerstone OnDemand news, SVP David Joseph Carter sold 19,356 shares of Cornerstone OnDemand stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $37.75, for a total value of $730,689.00. Following the transaction, the senior vice president now owns 70,327 shares in the company, valued at approximately $2,654,844.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kirsten Maas Helvey sold 2,300 shares of Cornerstone OnDemand stock in a transaction on Monday, May 16th. The shares were sold at an average price of $37.05, for a total transaction of $85,215.00. Following the completion of the transaction, the senior vice president now owns 57,533 shares in the company, valued at approximately $2,131,597.65. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in CSOD. Jennison Associates LLC raised its position in shares of 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. Mutual of America Capital Management LLC raised its position 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. New York State Common Retirement Fund raised its position 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. Rhumbline Advisers raised its position 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. Finally, Nationwide Fund Advisors raised its position 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.