Cornerstone OnDemand PT Raised to $65.00 (CSOD)
Analysts at Barclays boosted their price objective on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $60.00 to $65.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. Barclays’ price objective points to a potential upside of 15.02% from the stock’s previous close.
In other Cornerstone OnDemand news, CEO Adam Miller sold 12,800 shares of Cornerstone OnDemand stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $53.09, for a total value of $679,552.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 1.22% during mid-day trading on Friday, hitting $56.51. 368,879 shares of the company’s stock traded hands. Cornerstone OnDemand has a 52-week low of $30.05 and a 52-week high of $57.99. The stock’s 50-day moving average is $51.16 and its 200-day moving average is $49.53. The company’s market cap is $2.940 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings data on Monday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 57.3% 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.
A number of other firms have also recently commented on CSOD. 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 six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $51.90.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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