Insider Selling: Cornerstone OnDemand CTO Mark Goldin Sells 16,194 Shares of Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) CTO Mark Goldin sold 16,194 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $58.84, for a total value of $952,854.96. Following the completion of the sale, the chief technology officer now directly owns 24,560 shares in the company, valued at approximately $1,445,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CSOD has been the subject of a number of recent research reports. Analysts at Stephens raised their price target on shares of Cornerstone OnDemand from $70.00 to $75.00 in a research note on Thursday, February 13th. Separately, analysts at Pacific Crest raised their price target on shares of Cornerstone OnDemand from $55.00 to $60.00 in a research note on Thursday, February 13th. Finally, analysts at Piper Jaffray raised their price target on shares of Cornerstone OnDemand from $59.00 to $62.00 in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $64.40.
Cornerstone OnDemand (NASDAQ:CSOD) opened at 58.36 on Thursday. Cornerstone OnDemand has a one year low of $31.24 and a one year high of $60.98. The stock has a 50-day moving average of $56.07 and a 200-day moving average of $51.92. The company’s market cap is $3.046 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings data on Tuesday, February 11th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $54.90 million for the quarter, compared to the consensus estimate of $55.08 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. Analysts expect that Cornerstone OnDemand will post $-0.24 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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