Cornerstone OnDemand Inc. (NASDAQ:CSOD) shares rose 3.2% on Friday . The stock traded as high as $46.51 and last traded at $46.27, with a volume of 463,759 shares traded. The stock had previously closed at $44.82.

CSOD has been the subject of several research analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $42.00 target price on shares of Cornerstone OnDemand in a research note on Monday, August 1st. Goldman Sachs Group Inc. initiated coverage on shares of Cornerstone OnDemand in a research note on Monday, May 23rd. They set a “buy” rating and a $43.00 target price for the company. Nomura reaffirmed a “buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Cornerstone OnDemand in a research note on Friday, May 13th. B. Riley reaffirmed a “buy” rating and set a $41.50 target price on shares of Cornerstone OnDemand in a research note on Tuesday, May 10th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Cornerstone OnDemand in a research note on Sunday, July 17th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.33.

The firm has a 50 day moving average price of $43.82 and a 200-day moving average price of $37.41. The company’s market cap is $2.61 billion.

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 5,706 shares of Cornerstone OnDemand stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $42.05, for a total value of $239,937.30. Following the completion of the sale, the director now owns 25,706 shares in the company, valued at approximately $1,080,937.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Joseph Carter sold 5,600 shares of Cornerstone OnDemand stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $38.06, for a total value of $213,136.00. The disclosure for this sale can be found here.

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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