Cornerstone OnDemand Inc. (CSOD) Trading Down 2%
Cornerstone OnDemand Inc. (NASDAQ:CSOD)’s share price traded down 2% on Friday . The company traded as low as $43.43 and last traded at $43.54, with a volume of 243,295 shares traded. The stock had previously closed at $44.45.
A number of equities analysts have weighed in on the company. Pacific Crest reissued a “hold” rating on shares of Cornerstone OnDemand in a research note on Friday, August 5th. B. Riley reissued a “buy” rating and set a $50.00 price objective on shares of Cornerstone OnDemand in a research note on Friday, August 5th. Credit Suisse Group AG reissued a “buy” rating and set a $42.00 price objective on shares of Cornerstone OnDemand in a research note on Monday, August 1st. JPMorgan Chase & Co. reissued a “buy” rating and set a $40.00 price objective on shares of Cornerstone OnDemand in a research note on Friday, August 5th. Finally, Goldman Sachs Group Inc. boosted their price objective on Cornerstone OnDemand from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.79.
The stock has a 50-day moving average of $43.29 and a 200-day moving average of $36.86. The stock’s market cap is $2.44 billion.
In other Cornerstone OnDemand news, SVP Adam J. Weiss sold 4,129 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $38.06, for a total transaction of $157,149.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kirsten Maas Helvey sold 2,387 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $43.00, for a total value of $102,641.00. Following the transaction, the chief operating officer now directly owns 55,146 shares of the company’s stock, valued at approximately $2,371,278. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Cornerstone OnDemand stock. New York State Common Retirement Fund increased its stake in Cornerstone OnDemand Inc. (NASDAQ:CSOD) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,118 shares of the company’s stock after buying an additional 2,100 shares during the period. New York State Common Retirement Fund owned 0.11% of Cornerstone OnDemand worth $2,110,000 at the end of the most recent reporting 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.
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