Cornerstone OnDemand (CSOD) was Reiterated by Needham to “Strong Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $45 . Needham advised their investors in a research report released on Jul 14, 2016.
Many Wall Street Analysts have commented on Cornerstone OnDemand. First Analysis Sec Initiated Cornerstone OnDemand on Jul 1, 2016 to “Overweight”, Price Target of the shares are set at $50.Goldman Initiated Cornerstone OnDemand on May 23, 2016 to “Buy”, Price Target of the shares are set at $43.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 .
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 -0.6 points or -1.48% at $40.02 with 4,34,188 shares getting traded on Wednesday. Post opening the session at $40.72, the shares hit an intraday low of $39.93 and an intraday high of $41.13 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 6, 2016, Adam J. Weiss (SVP Admin. & General Counsel) sold 4,129 shares at $38.06 per share price. According to the SEC, on Jul 6, 2016, Kirsten Maas Helvey (Chief Operating Officer) sold 5,563 shares at $38.06 per share price. On Jul 6, 2016, Mark Goldin (Chief Technology Officer) sold 5,563 shares at $38.06 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.