Insider Selling: Cornerstone OnDemand Director Unloads 4,000 Shares of Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) Director R C. Mark Baker sold 4,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.73, for a total value of $154,920.00. Following the sale, the director now directly owns 45,056 shares of the company’s stock, valued at approximately $1,745,019. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 2.64% on Monday, hitting $39.22. 676,638 shares of the company’s stock traded hands. Cornerstone OnDemand has a 1-year low of $32.82 and a 1-year high of $61.85. The stock has a 50-day moving average of $40.90 and a 200-day moving average of $45.24. The company’s market cap is $2.094 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.03. The company had revenue of $61.50 million for the quarter, compared to the consensus estimate of $63.57 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts predict that Cornerstone OnDemand will post $-0.24 earnings per share for the current fiscal year.
A number of research firms have recently commented on CSOD. Analysts at Maxim Group cut their price target on shares of Cornerstone OnDemand from $40.00 to $38.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.92.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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