Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was upgraded by J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a research note issued on Wednesday.

Several other brokerages have also issued reports on CSOD. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Credit Suisse Group raised Cornerstone OnDemand from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $49.00 in a research report on Wednesday, July 19th. Zacks Investment Research lowered Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $46.00 price objective (down from $50.00) on shares of Cornerstone OnDemand in a research report on Friday, August 4th. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Cornerstone OnDemand in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.22.

Cornerstone OnDemand (NASDAQ CSOD) opened at $37.30 on Wednesday. Cornerstone OnDemand has a 12-month low of $31.70 and a 12-month high of $44.25.

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In related news, Director R C. Mark Baker sold 1,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.12, for a total value of $34,120.00. Following the completion of the sale, the director now directly owns 23,850 shares of the company’s stock, valued at approximately $813,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam L. Miller sold 24,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $41.28, for a total value of $990,720.00. Following the completion of the sale, the chief executive officer now directly owns 3,539,587 shares of the company’s stock, valued at $146,114,151.36. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $1,429,460 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Delta Lloyd Asset Management N.V. acquired a new position in Cornerstone OnDemand during the 2nd quarter valued at about $1,748,000. State of Wisconsin Investment Board boosted its stake in Cornerstone OnDemand by 33.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 59,481 shares of the software maker’s stock valued at $2,126,000 after purchasing an additional 15,000 shares during the last quarter. Capital Fund Management S.A. acquired a new position in Cornerstone OnDemand during the 2nd quarter valued at about $3,279,000. Schwab Charles Investment Management Inc. boosted its stake in Cornerstone OnDemand by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 221,011 shares of the software maker’s stock valued at $7,902,000 after purchasing an additional 14,642 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in Cornerstone OnDemand by 20.7% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 37,750 shares of the software maker’s stock valued at $1,350,000 after purchasing an additional 6,480 shares during the last quarter. Institutional investors and hedge funds own 91.34% of the company’s stock.

Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

Analyst Recommendations for Cornerstone OnDemand (NASDAQ:CSOD)

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