Cornerstone OnDemand, Inc. (NASDAQ:CSOD)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research note issued on Friday, The Fly reports. They currently have a $46.00 target price on the software maker’s stock, down from their previous target price of $50.00. Piper Jaffray Companies’ price objective suggests a potential upside of 30.26% from the company’s current price.

A number of other research firms have also weighed in on CSOD. Credit Suisse Group reiterated a “hold” rating and issued a $43.00 price objective on shares of Cornerstone OnDemand in a research note on Monday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price target on shares of Cornerstone OnDemand in a report on Wednesday, May 3rd. B. Riley reissued a “buy” rating and issued a $47.00 price target on shares of Cornerstone OnDemand in a report on Friday. Barclays PLC downgraded shares of Cornerstone OnDemand from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $46.00 to $32.00 in a report on Tuesday, June 20th. Finally, BidaskClub downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Cornerstone OnDemand has an average rating of “Hold” and a consensus target price of $44.43.

Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down 10.071% during midday trading on Friday, hitting $35.315. The company had a trading volume of 2,362,130 shares. The company’s 50-day moving average price is $37.42 and its 200 day moving average price is $38.95. Cornerstone OnDemand has a 12-month low of $30.31 and a 12-month high of $47.75. The company’s market capitalization is $2.01 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.09. Cornerstone OnDemand had a negative net margin of 15.39% and a negative return on equity of 187.91%. The business had revenue of $116.70 million during the quarter, compared to analysts’ expectations of $117 million. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Cornerstone OnDemand will post $0.41 earnings per share for the current fiscal year.

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In other Cornerstone OnDemand news, EVP Vincent Belliveau sold 11,660 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $40.00, for a total value of $466,400.00. Following the transaction, the executive vice president now owns 237,043 shares in the company, valued at $9,481,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adam J. Weiss sold 5,786 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $34.46, for a total transaction of $199,385.56. The disclosure for this sale can be found here. Insiders sold 97,820 shares of company stock worth $3,668,934 in the last 90 days. Corporate insiders own 12.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in CSOD. Engineers Gate Manager LP bought a new position in shares of Cornerstone OnDemand during the first quarter valued at about $237,000. Karp Capital Management Corp bought a new position in shares of Cornerstone OnDemand during the first quarter valued at about $355,000. Swiss National Bank boosted its position in shares of Cornerstone OnDemand by 1.1% in the first quarter. Swiss National Bank now owns 88,300 shares of the software maker’s stock valued at $3,434,000 after buying an additional 1,000 shares in the last quarter. First Trust Advisors LP boosted its position 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 valued at $47,792,000 after buying an additional 54,405 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in shares of Cornerstone OnDemand by 24.5% in the first quarter. Essex Investment Management Co. LLC now owns 27,243 shares of the software maker’s stock valued at $1,059,000 after buying an additional 5,355 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Cornerstone OnDemand Company Profile

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.

The Fly

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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