Cornerstone OnDemand (CSOD) was Initiated by Goldman to “Buy” and the brokerage firm has set the Price Target at $43. Goldman advised their investors in a research report released on May 23, 2016.
Many Wall Street Analysts have commented on Cornerstone OnDemand. Company shares were Reiterated by Wunderlich on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Company shares were Reiterated by Barclays on May 5, 2016 to “Underweight”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .
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 opened for trading at $36.83 and hit $37.16 on the upside on Friday, eventually ending the session at $37.11, with a gain of 1.59% or 0.58 points. The heightened volatility saw the trading volume jump to 3,76,167 shares. Company has a market cap of $2,043,945 M.
In a different news, on May 20, 2016, Adam J. Weiss (SVP Admin. & General Counsel) sold 3,000 shares at $37.00 per share price. According to the SEC, on May 18, 2016, Kirsten Maas Helvey (SVP, Client Success) sold 2,300 shares at $37.05 per share price. On Mar 18, 2016, R C Mark Baker (director) sold 4,000 shares at $31.82 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.