Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares traded down 2% during trading on Friday . The stock traded as low as $43.43 and last traded at $43.54, with a volume of 243,295 shares. The stock had previously closed at $44.45.

Several research analysts have recently commented on the stock. Bank of America Corp. restated a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. B. Riley restated a “buy” rating and set a $50.00 price target on shares of Cornerstone OnDemand in a research note on Friday, August 5th. Barclays PLC upped their price objective on shares of Cornerstone OnDemand from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Thursday, May 5th. Wunderlich upped their price objective on shares of Cornerstone OnDemand from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. began coverage on shares of Cornerstone OnDemand in a report on Monday, May 23rd. They set a “buy” rating and a $43.00 price objective for the company. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand has a consensus rating of “Buy” and an average target price of $44.79.

The firm’s market capitalization is $2.44 billion. The stock’s 50-day moving average price is $43.29 and its 200 day moving average price is $36.86.

In related news, CTO Mark Goldin sold 5,563 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $38.06, for a total transaction of $211,727.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director R C. Mark Baker sold 5,706 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $42.05, for a total transaction of $239,937.30. Following the transaction, the director now owns 25,706 shares in the company, valued at $1,080,937.30. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Cornerstone OnDemand stock. RS Investment Management Co. LLC bought a new position in Cornerstone OnDemand Inc. (NASDAQ:CSOD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,190 shares of the company’s stock, valued at approximately $1,664,000. RS Investment Management Co. LLC owned 0.09% of Cornerstone OnDemand as of its most recent filing with the SEC.

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.