Insider Selling: Adam Miller Sells 12,800 Shares of Cornerstone OnDemand Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) CEO Adam Miller unloaded 12,800 shares of the stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $51.77, for a total transaction of $662,656.00. Following the completion of the sale, the chief executive officer now directly owns 3,903,965 shares of the company’s stock, valued at approximately $202,108,268. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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’s stock. Cornerstone OnDemand has an average rating of “Buy” and a consensus price target of $49.89.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down 1.68% on Wednesday, hitting $49.79. The stock had a trading volume of 297,280 shares. Cornerstone OnDemand has a 1-year low of $25.44 and a 1-year high of $55.47. The stock’s 50-day moving average is $50.48 and its 200-day moving average is $41.41. The company’s market cap is $2.560 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.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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