Cornerstone OnDemand Inc. (NASDAQ:CSOD)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $44.64, but opened at $44.69. Cornerstone OnDemand shares last traded at $45.13, with a volume of 257,427 shares.

CSOD has been the subject of a number of recent research reports. Needham & Company LLC restated a “top pick” rating on shares of Cornerstone OnDemand in a research note on Thursday, July 14th. Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 target price on shares of Cornerstone OnDemand in a research note on Monday, August 1st. Goldman Sachs Group Inc. raised their target price on shares of Cornerstone OnDemand from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Wunderlich raised their target price on shares of Cornerstone OnDemand from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Barclays PLC upgraded shares of Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $32.00 to $44.00 in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.60.

The company has a 50-day moving average of $44.69 and a 200 day moving average of $39.09. The firm’s market cap is $2.56 billion.

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In other Cornerstone OnDemand news, Director R C. Mark Baker sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $46.90, for a total value of $187,600.00. Following the completion of the sale, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $1,031,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kirsten Maas Helvey sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $44.00, for a total transaction of $110,000.00. Following the completion of the sale, the chief operating officer now directly owns 76,283 shares of the company’s stock, valued at $3,356,452. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Macquarie Group Ltd. purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $2,291,000. Schwab Charles Investment Management Inc. increased its stake in shares of Cornerstone OnDemand by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,229 shares of the company’s stock worth $7,850,000 after buying an additional 11,366 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $237,000. American Century Companies Inc. purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $3,760,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Cornerstone OnDemand during the second quarter worth about $1,772,000. 90.53% of the stock is owned by institutional investors and hedge funds.

Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc (Cornerstone) is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud-based suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics.

5 Day Chart for NASDAQ:CSOD

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