Cornerstone OnDemand EVP Sells $269,850 in Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) EVP Steven Seymour unloaded 105,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.57, for a total value of $269,850.00. Following the transaction, the executive vice president now directly owns 642,876 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CSOD shares. 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 given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.10.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) remained flat at $53.68 during during mid-day trading trading on Tuesday. The stock had a trading volume of 476,884 shares. Cornerstone OnDemand has a one year low of $25.44 and a one year high of $55.47. The stock’s 50-day moving average is $50.75 and its 200-day moving average is $41.68. The company’s market cap is $2.760 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 65.9% on a year-over-year basis. On average, analysts predict that Cornerstone OnDemand will post $-0.21 earnings per share for the current fiscal year.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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