Cornerstone OnDemand CTO Unloads $259,980 in Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) CTO Mark Goldin sold 6,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $43.33, for a total transaction of $259,980.00. Following the completion of the transaction, the chief technology officer now directly owns 24,560 shares of the company’s stock, valued at approximately $1,064,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CSOD shares. 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, May 22nd. Separately, analysts at FBR Capital Markets initiated coverage on shares of Cornerstone OnDemand in a research note on Wednesday, May 21st. 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.67.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 3.39% on Wednesday, hitting $44.35. The stock had a trading volume of 885,855 shares. Cornerstone OnDemand has a 1-year low of $32.82 and a 1-year high of $61.85. The stock’s 50-day moving average is $39.57 and its 200-day moving average is $48.68. The company’s market cap is $2.357 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results 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. 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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