Cornerstone OnDemand (NASDAQ:CSOD) CTO Mark Goldin unloaded 10,000 shares of Cornerstone OnDemand stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $51.51, for a total value of $515,100.00. Following the transaction, the chief technology officer now directly owns 33,860 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CSOD has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Cornerstone OnDemand from $51.00 to $57.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Nomura raised their price target on shares of Cornerstone OnDemand from $40.00 to $54.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Cornerstone OnDemand from $39.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cornerstone OnDemand currently has a consensus rating of “Buy” and an average target price of $47.45.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 0.36% during mid-day trading on Thursday, hitting $50.58. 100,888 shares of the company’s stock traded hands. Cornerstone OnDemand has a 1-year low of $25.44 and a 1-year high of $53.91. The stock’s 50-day moving average is $47.91 and its 200-day moving average is $41.13. The company’s market cap is $2.600 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.01. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $42.08 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 65.9% on a year-over-year basis. On average, analysts predict that Cornerstone OnDemand will post $-0.21 earnings per share for the current fiscal year.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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