Insider Selling: Steven Seymour Sells 20,000 Shares of Cornerstone OnDemand Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) EVP Steven Seymour sold 20,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $54.25, for a total value of $1,085,000.00. Following the sale, the executive vice president now directly owns 747,876 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CSOD. Analysts at Credit Suisse raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $51.00 to $57.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Nomura raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $40.00 to $54.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $39.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and a consensus price target of $49.10.
Cornerstone OnDemand (NASDAQ:CSOD) traded down 1.52% on Friday, hitting $53.77. 465,789 shares of the company’s stock traded hands. Cornerstone OnDemand has a one year low of $25.44 and a one year high of $54.88. The stock’s 50-day moving average is $50.21 and its 200-day moving average is $41.26. The company’s market cap is $2.764 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.01. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $42.08 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 65.9% on a year-over-year basis.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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