Cornerstone OnDemand, Inc. (NASDAQ:CSOD) insider David Joseph Carter sold 11,456 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $34.13, for a total value of $390,993.28. Following the completion of the sale, the insider now owns 80,184 shares in the company, valued at approximately $2,736,679.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

David Joseph Carter also recently made the following trade(s):

  • On Monday, July 3rd, David Joseph Carter sold 7,731 shares of Cornerstone OnDemand stock. The shares were sold at an average price of $34.46, for a total value of $266,410.26.

Cornerstone OnDemand, Inc. (NASDAQ CSOD) traded up 3.91% during midday trading on Tuesday, reaching $36.65. The company had a trading volume of 615,489 shares. The firm’s market capitalization is $2.08 billion. Cornerstone OnDemand, Inc. has a 12-month low of $30.31 and a 12-month high of $47.75. The stock’s 50 day moving average is $37.28 and its 200 day moving average is $39.60.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, May 2nd. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.06. The company had revenue of $111.58 million for the quarter, compared to analysts’ expectations of $110.23 million. Cornerstone OnDemand had a negative return on equity of 196.70% and a negative net margin of 14.89%. Equities research analysts expect that Cornerstone OnDemand, Inc. will post $0.41 earnings per share for the current year.

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CSOD has been the topic of several research reports. Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and issued a $43.00 target price on shares of Cornerstone OnDemand in a research note on Friday, May 5th. Wells Fargo & Company initiated coverage on Cornerstone OnDemand in a research note on Thursday, May 11th. They issued a “market perform” rating and a $37.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $48.00 target price on shares of Cornerstone OnDemand in a research note on Wednesday, May 3rd. Finally, Barclays PLC cut Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $46.00 to $32.00 in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Cornerstone OnDemand currently has an average rating of “Hold” and a consensus target price of $44.13.

Several hedge funds and other institutional investors have recently made changes to their positions in CSOD. Vanguard Group Inc. raised its stake in shares of Cornerstone OnDemand by 9.6% in the first quarter. Vanguard Group Inc. now owns 4,230,213 shares of the software maker’s stock worth $164,513,000 after buying an additional 368,783 shares during the period. RGM Capital LLC raised its stake in shares of Cornerstone OnDemand by 9.4% in the first quarter. RGM Capital LLC now owns 1,727,538 shares of the software maker’s stock worth $67,184,000 after buying an additional 148,309 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Cornerstone OnDemand by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 1,507,688 shares of the software maker’s stock worth $58,633,000 after buying an additional 51,974 shares during the period. First Trust Advisors LP raised its stake in shares of Cornerstone OnDemand by 4.6% in the first quarter. First Trust Advisors LP now owns 1,228,904 shares of the software maker’s stock worth $47,792,000 after buying an additional 54,405 shares during the period. Finally, State Street Corp raised its stake in shares of Cornerstone OnDemand by 3.4% in the first quarter. State Street Corp now owns 937,240 shares of the software maker’s stock worth $36,446,000 after buying an additional 30,638 shares during the period. 90.41% of the stock is currently owned by institutional investors.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

Insider Buying and Selling by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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