Cornerstone OnDemand (CSOD) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 42 from a previous price target of $39 . Wunderlich advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Cornerstone OnDemand. Wunderlich Initiated Cornerstone OnDemand on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $39.Shares were Reiterated by FBR Capital on Feb 11, 2016 to “Outperform” and Lowered the Price Target to $ 34 from a previous price target of $42 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Underweight” and Lowered the Price Target to $ 26 from a previous price target of $33 .
On the company’s financial health, Cornerstone OnDemand reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.02. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $97.70 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Cornerstone OnDemand closed down -0.43 points or -1.28% at $33.14 with 9,02,979 shares getting traded on Wednesday. Post opening the session at $33.47, the shares hit an intraday low of $32.74 and an intraday high of $33.63 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 18, 2016, R C Mark Baker (director) sold 4,000 shares at $31.82 per share price. According to the SEC, on Mar 16, 2016, Mark Goldin (Chief Technology Officer) sold 13,739 shares at $31.74 per share price. On Feb 18, 2016, Joseph P. Payne (director) purchased 4,000 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.
Cornerstone OnDemand Inc. is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstones Enterprise and Mid-Market solution is a cloud-based suite that addresses hiring developing engaging employees throughout their careers. The Company also offers Cornerstone Growth Edition which is a cloud-based talent management solution with learning and performance product offerings targeted to organizations with fewer than 400 employees. The Companys product offerings include Cornerstone Recruiting Cornerstone Onboarding Cornerstone Learning Cornerstone Performance Cornerstone Succession Cornerstone Compensation Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Companys clients include multi-national companies large domestic and foreign-based enterprises mid-market companies public sector organizations higher education institutions and non-profit entities.