Cornerstone OnDemand (CSOD) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $53. Piper Jaffray advised their investors in a research report released on Sep 2, 2016.
Many Wall Street Analysts have commented on Cornerstone OnDemand. Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $42 .Company shares were Upgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 44 from a previous price target of $32 .Company shares were Reiterated by Needham on Jul 14, 2016 to “Strong Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .
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 $43.52 and hit $44.89 on the upside on Thursday, eventually ending the session at $44.82, with a gain of 2.05% or 0.9 points. The heightened volatility saw the trading volume jump to 7,29,311 shares. Company has a market cap of $2,507 M.
In a different news, on Aug 30, 2016, David Joseph Carter (Chief Sales Officer) sold 8,820 shares at $43.97 per share price. According to the SEC, on Aug 11, 2016, Mark Goldin (Chief Technology Officer) sold 4,062 shares at $44.70 per share price. On Jul 6, 2016, Adam J. Weiss (SVP Admin. & General Counsel) sold 4,129 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.