Insider Selling: Adam Miller Sells 6,400 Shares of Cornerstone OnDemand Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) CEO Adam Miller sold 6,400 shares of Cornerstone OnDemand stock on the open market in a transaction dated Thursday, October 10th. The shares were sold at an average price of $47.03, for a total transaction of $300,992.00. Following the sale, the chief executive officer now directly owns 3,916,765 shares of the company’s stock, valued at approximately $184,205,458. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down 1.53% during mid-day trading on Tuesday, hitting $49.46. The stock had a trading volume of 223,658 shares. Cornerstone OnDemand has a 52 week low of $25.44 and a 52 week high of $55.47. The stock has a 50-day moving average of $51.91 and a 200-day moving average of $44.22. The company’s market cap is $2.543 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data 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. Analysts expect that Cornerstone OnDemand will post $-0.21 EPS for the current fiscal year.
A number of analysts have recently weighed in on CSOD shares. Analysts at Northland Capital Partners raised their price target on shares of Cornerstone OnDemand from $50.00 to $58.00 in a research note to investors on Monday, September 30th. Separately, analysts at Northland Securities reiterated a “positive” rating on shares of Cornerstone OnDemand in a research note to investors on Friday, September 27th. Finally, analysts at Credit Suisse raised their price target on shares of Cornerstone OnDemand from $51.00 to $57.00 in a research note to investors on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $49.89.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.