Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was upgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a report issued on Friday, Marketbeat reports. The brokerage currently has a $48.00 price objective on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 25.10% from the company’s current price.

Several other brokerages have also recently weighed in on CSOD. Credit Suisse Group reiterated a “hold” rating and issued a $43.00 price target on shares of Cornerstone OnDemand in a research report on Monday, May 15th. Barclays PLC cut Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $46.00 to $32.00 in a research report on Tuesday, June 20th. BidaskClub cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of Cornerstone OnDemand in a research report on Wednesday, May 3rd. Finally, Wells Fargo & Company initiated coverage on Cornerstone OnDemand in a research report on Thursday, May 11th. They issued a “market perform” rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.06.

Cornerstone OnDemand (NASDAQ:CSOD) traded up 4.52% during mid-day trading on Friday, hitting $38.37. The stock had a trading volume of 1,236,919 shares. Cornerstone OnDemand has a 52 week low of $30.31 and a 52 week high of $47.75. The company’s 50 day moving average is $37.28 and its 200-day moving average is $39.60. The stock’s market capitalization is $2.18 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.06. The company had revenue of $111.58 million during 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%. On average, analysts expect that Cornerstone OnDemand will post $0.41 EPS for the current fiscal year.

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In other news, SVP Adam J. Weiss sold 5,786 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $34.46, for a total value of $199,385.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R C. Mark Baker sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $37.76, for a total value of $151,040.00. Following the completion of the sale, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $906,240. The disclosure for this sale can be found here. Insiders sold a total of 50,160 shares of company stock valued at $1,742,344 over the last quarter. Company insiders own 12.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Cornerstone OnDemand by 4.0% in the fourth quarter. State Street Corp now owns 906,602 shares of the software maker’s stock worth $38,353,000 after buying an additional 34,590 shares during the period. Guggenheim Capital LLC raised its stake in Cornerstone OnDemand by 36.6% in the fourth quarter. Guggenheim Capital LLC now owns 9,776 shares of the software maker’s stock worth $414,000 after buying an additional 2,617 shares during the period. Norges Bank bought a new stake in Cornerstone OnDemand during the fourth quarter worth $11,655,000. Teachers Advisors LLC raised its stake in Cornerstone OnDemand by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 82,940 shares of the software maker’s stock worth $3,509,000 after buying an additional 1,624 shares during the period. Finally, Alpha Windward LLC bought a new stake in Cornerstone OnDemand during the first quarter worth $434,000. 90.41% of the stock is 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.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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