Cornerstone OnDemand Inc. Sets New 1-Year High at $57.99 (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) set a new 52-week high during trading hours on Tuesday, Stock Ratings News reports. The company traded as high as $57.99 and last traded at $57.24, with a volume of 629,366 shares. The stock had previously closed at $54.90.
CSOD has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Cornerstone OnDemand in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. Analysts at Stephens upgraded shares of Cornerstone OnDemand from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, November 26th. They now have a $65.00 price target on the stock, up previously from $46.00. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $51.40.
In other Cornerstone OnDemand news, CEO Adam Miller unloaded 12,800 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $53.09, for a total value of $679,552.00. Following the transaction, the chief executive officer now directly owns 3,839,965 shares in the company, valued at approximately $203,863,742. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Cornerstone OnDemand has a 1-year low of $29.98 and a 1-year high of $55.47. The stock has a 50-day moving average of $50.26 and a 200-day moving average of $49.34. The company’s market cap is $2.938 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.01. The company had revenue of $48.30 million for the quarter, compared to the consensus estimate of $48.28 million. During the same quarter last year, the company posted ($0.07) earnings per share. Cornerstone OnDemand’s revenue was up 57.3% 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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