Northland Capital Partners Increases Cornerstone OnDemand Price Target to $58.00 (CSOD)
Investment analysts at Northland Capital Partners hoisted their price objective on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $50.00 to $58.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. Northland Capital Partners’ target price would suggest a potential upside of 12.75% from the stock’s previous close.
In other Cornerstone OnDemand news, EVP Steven Seymour sold 105,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.57, for a total value of $269,850.00. Following the completion of the sale, the executive vice president now directly owns 642,876 shares in the company, valued at approximately $1,652,191. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cornerstone OnDemand (NASDAQ:CSOD) traded down 2.00% on Monday, hitting $51.44. 545,388 shares of the company’s stock traded hands. Cornerstone OnDemand has a one year low of $25.44 and a one year high of $55.47. The stock has a 50-day moving average of $52.39 and a 200-day moving average of $42.77. The company’s market cap is $2.645 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results 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 last year, the company posted ($0.09) earnings per share. Cornerstone OnDemand’s revenue was up 65.9% compared to the same quarter last year. Analysts expect that Cornerstone OnDemand will post $-0.21 EPS for the current fiscal year.
CSOD has been the subject of a number of other recent research reports. Analysts at Northland Securities reiterated a “positive” rating on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a research note to investors on Friday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.89.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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