Cornerstone OnDemand, Inc. (NASDAQ:CSOD) saw strong trading volume on Thursday . 3,918,731 shares were traded during mid-day trading, an increase of 478% from the previous session’s volume of 678,453 shares.The stock last traded at $40.06 and had previously closed at $34.85.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Needham & Company LLC upgraded shares of Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Friday, July 14th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Cornerstone OnDemand in a report on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $46.00 price target (down previously from $50.00) on shares of Cornerstone OnDemand in a report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.69.

The firm has a 50 day moving average price of $36.01 and a 200-day moving average price of $37.57. The company’s market capitalization is $2.31 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.09). Cornerstone OnDemand had a negative return on equity of 182.51% and a negative net margin of 15.39%. The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.00 million. The company’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Cornerstone OnDemand, Inc. will post $0.39 EPS for the current fiscal year.

In other news, Director R C. Mark Baker sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.12, for a total transaction of $34,120.00. Following the completion of the transaction, the director now directly owns 23,850 shares in the company, valued at $813,762. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Kirsten Maas Helvey sold 8,247 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $34.46, for a total value of $284,191.62. Following the transaction, the chief operating officer now owns 90,343 shares of the company’s stock, valued at $3,113,219.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,820 shares of company stock valued at $3,515,104. Corporate insiders own 12.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Cornerstone OnDemand by 5.1% during the second quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock worth $163,000 after buying an additional 223 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Cornerstone OnDemand by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 40,405 shares of the software maker’s stock worth $1,444,000 after buying an additional 1,444 shares during the last quarter. State Street Corp lifted its holdings in shares of Cornerstone OnDemand by 6.0% during the second quarter. State Street Corp now owns 993,704 shares of the software maker’s stock worth $35,529,000 after buying an additional 56,464 shares during the last quarter. black and white Capital LP lifted its holdings in shares of Cornerstone OnDemand by 20.0% during the second quarter. black and white Capital LP now owns 120,000 shares of the software maker’s stock worth $4,290,000 after buying an additional 20,000 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Cornerstone OnDemand by 0.8% during the second quarter. Macquarie Group Ltd. now owns 45,300 shares of the software maker’s stock worth $1,619,000 after buying an additional 344 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.

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Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

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