Insider Selling: Kirsten Maas Helvey Sells 1,375 Shares of Cornerstone OnDemand Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) SVP Kirsten Maas Helvey unloaded 1,375 shares of Cornerstone OnDemand stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $41.05, for a total transaction of $56,443.75. Following the transaction, the senior vice president now directly owns 91,573 shares of the company’s stock, valued at approximately $3,759,072. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs cut their price target on shares of Cornerstone OnDemand from $59.00 to $55.00 in a research note on Thursday. Separately, analysts at FBR Capital Markets initiated coverage on shares of Cornerstone OnDemand in a research note on Wednesday. They set an “outperform” rating and a $48.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.67.
Cornerstone OnDemand (NASDAQ:CSOD) traded up 1.08% during mid-day trading on Friday, hitting $43.25. 934,383 shares of the company’s stock traded hands. Cornerstone OnDemand has a 52 week low of $32.82 and a 52 week high of $61.85. The stock’s 50-day moving average is $38.8 and its 200-day moving average is $49.59. The company’s market cap is $2.299 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.01. The company had revenue of $57.41 million for the quarter, compared to the consensus estimate of $56.90 million. During the same quarter last year, the company posted ($0.10) earnings per share. Cornerstone OnDemand’s revenue was up 52.5% compared to the same quarter last year. On average, analysts predict that Cornerstone OnDemand will post $-0.24 earnings per share 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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