Cornerstone OnDemand Inc. (CSOD) Shares Up 3.2%
Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares shot up 3.2% during mid-day trading on Friday . The company traded as high as $46.51 and last traded at $46.27, with a volume of 463,759 shares changing hands. The stock had previously closed at $44.82.
A number of brokerages have issued reports on CSOD. B. Riley reissued a “buy” rating and set a $41.50 price objective on shares of Cornerstone OnDemand in a report on Thursday, May 5th. Bank of America Corp. restated a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. Zacks Investment Research lowered Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Needham & Company LLC raised their target price on Cornerstone OnDemand from $45.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 14th. Finally, Barclays PLC upgraded Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $32.00 to $44.00 in a research note on Friday, July 15th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.33.
The firm’s 50-day moving average is $43.80 and its 200-day moving average is $37.41. The firm’s market cap is $2.61 billion.
In related news, insider Mark Goldin sold 4,062 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $44.70, for a total transaction of $181,571.40. Following the completion of the sale, the insider now directly owns 60,511 shares in the company, valued at approximately $2,704,841.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Kirsten Maas Helvey sold 2,387 shares of the company’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 sale, the chief operating officer now owns 55,146 shares of the company’s stock, valued at $2,371,278. 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 acquired a new stake in Cornerstone OnDemand Inc. (NASDAQ:CSOD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,190 shares of the company’s stock, valued at approximately $1,664,000. RS Investment Management Co. LLC owned approximately 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.
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