Cornerstone OnDemand Inc. (CSOD) Stock Rating Reaffirmed by Needham & Company LLC
Cornerstone OnDemand Inc. (NASDAQ:CSOD)‘s stock had its “strong-buy” rating reiterated by research analysts at Needham & Company LLC in a research report issued on Monday. They presently have a $52.00 target price on the stock. Needham & Company LLC’s target price would suggest a potential upside of 18.78% from the company’s current price.
Several other analysts also recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Cornerstone OnDemand in a research report on Monday, August 1st. Goldman Sachs Group Inc. increased their price objective on shares of Cornerstone OnDemand from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Wunderlich increased their price objective on shares of Cornerstone OnDemand from $42.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Barclays PLC raised shares of Cornerstone OnDemand from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $32.00 to $44.00 in a research report on Friday, July 15th. Finally, First Analysis started coverage on shares of Cornerstone OnDemand in a research report on Friday, July 1st. They issued an “overweight” rating and a $50.00 price objective for the company. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.60.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 0.80% during trading on Monday, hitting $43.95. 152,416 shares of the stock were exchanged. The firm has a 50 day moving average of $45.15 and a 200-day moving average of $40.26. Cornerstone OnDemand has a 12-month low of $22.25 and a 12-month high of $47.75. The company’s market cap is $2.46 billion.
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In other Cornerstone OnDemand news, COO Kirsten Maas Helvey sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $44.00, for a total value of $110,000.00. Following the sale, the chief operating officer now directly owns 76,283 shares in the company, valued at $3,356,452. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Goldin sold 4,062 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $44.70, for a total value of $181,571.40. Following the completion of the sale, the insider now owns 60,511 shares in the company, valued at $2,704,841.70. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Hunt Lane Capital LP bought a new stake in Cornerstone OnDemand during the first quarter worth about $28,641,000. TIAA CREF Investment Management LLC boosted its stake in Cornerstone OnDemand by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 219,628 shares of the company’s stock worth $7,197,000 after buying an additional 44,342 shares during the last quarter. State Street Corp boosted its stake in Cornerstone OnDemand by 3.6% in the first quarter. State Street Corp now owns 899,118 shares of the company’s stock worth $29,464,000 after buying an additional 31,276 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in Cornerstone OnDemand during the second quarter worth about $1,099,000. Finally, Royal Bank of Canada boosted its stake in Cornerstone OnDemand by 318.0% in the first quarter. Royal Bank of Canada now owns 7,529 shares of the company’s stock worth $247,000 after buying an additional 5,728 shares during the last quarter. Institutional investors own 90.53% of the company’s stock.
About Cornerstone OnDemand
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.
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