Cornerstone OnDemand (CSOD): Price Target and June Short Interest Disclosure

Cornerstone OnDemand (CSOD) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $32. The average forecast of all the analysts is $44.79 and the expected standard deviation is $6.76.

Cornerstone OnDemand (CSOD) has witnessed a drop of 7.2% or 221,647 shares in its short figure. The short interest diminution took it from 3,059,715 on June 15,2016 to 2,838,068 on June 30,2016. In terms of floated shares, the short interest was calculated to be 5.8%. The days to cover are 4 given that the daily volume averaged 758,908 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm UBS maintains its rating on Cornerstone OnDemand (NASDAQ:CSOD). The rating major has initiated the coverage with buy rating on the shares. The Analysts at UBS raises the price target from $40 per share to $50 per share. The rating by the firm was issued on June 16, 2016.


Cornerstone OnDemand (NASDAQ:CSOD): stock turned positive on Thursday. Though the stock opened at $41.12, the bulls momentum made the stock top out at $43.61 level for the day. The stock recorded a low of $40.68 and closed the trading day at $43.09, in the green by 7.67%. The total traded volume for the day was 1,976,175. The stock had closed at $40.02 in the previous days trading.

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.

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