Cornerstone OnDemand Price Target Cut to $63.00 (CSOD)
Stock analysts at JMP Securities dropped their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $70.00 to $63.00 in a report issued on Tuesday, StockRatingsNetwork reports. JMP Securities’ price target would indicate a potential upside of 58.09% from the company’s current price.
A number of other firms have also recently commented on CSOD. Analysts at B. Riley initiated coverage on shares of Cornerstone OnDemand in a research note on Wednesday, March 12th. They set a “buy” rating and a $70.00 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Cornerstone OnDemand from $60.00 to $75.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.64.
In other Cornerstone OnDemand news, CEO Adam Miller sold 16,500 shares of Cornerstone OnDemand stock on the open market in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $46.56, for a total value of $768,240.00. Following the completion of the transaction, the chief executive officer now directly owns 3,604,665 shares of the company’s stock, valued at approximately $167,833,202. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Cornerstone OnDemand (NASDAQ:CSOD) traded down 9.84% during mid-day trading on Tuesday, hitting $39.85. 5,487,393 shares of the company’s stock traded hands. Cornerstone OnDemand has a 1-year low of $31.55 and a 1-year high of $61.85. The stock has a 50-day moving average of $54.46 and a 200-day moving average of $52.45. The company’s market cap is $2.104 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 11th. The company reported ($0.03) 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 prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue 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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