Cornerstone OnDemand Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:CSOD)
Shares of Cornerstone OnDemand (NASDAQ:CSOD) have earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Analyst Ratings Network reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $64.40.
In other Cornerstone OnDemand news, CTO Mark Goldin sold 16,194 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $58.84, for a total transaction of $952,854.96. Following the sale, the chief technology officer now directly owns 24,560 shares of the company’s stock, valued at approximately $1,445,110. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Cornerstone OnDemand (NASDAQ:CSOD) traded up 3.18% during mid-day trading on Wednesday, hitting $60.74. 146,937 shares of the company’s stock traded hands. Cornerstone OnDemand has a 1-year low of $31.24 and a 1-year high of $60.98. The stock’s 50-day moving average is $56.61 and its 200-day moving average is $52.18. The company’s market cap is $3.170 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.
A number of analysts have recently weighed in on CSOD shares. 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.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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