TOday’s Movers: Cornerstone OnDemand (NASDAQ:CSOD) Stock Rating Kept by Barclays; $48 Target Price Indicates -16.22 % Potential

September 8, 2018 - By Matthew Richard

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Logo

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.12, from 1.01 in 2017Q4. It dived, as 16 investors sold Cornerstone OnDemand, Inc. shares while 55 reduced holdings. 23 funds opened positions while 40 raised stakes. 48.58 million shares or 1.75% less from 49.44 million shares in 2017Q4 were reported.

Moreover, Granahan Mgmt Ma has 0.78% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Ameriprise Fin Inc reported 975,566 shares. Ameritas Investment Partners Inc owns 4,572 shares for 0.01% of their portfolio. Quantbot Tech L P invested in 0.03% or 8,529 shares. 2.10 million are held by Eagle Asset Management. Carlson Limited Partnership reported 335,121 shares. Financial Bank Of America Corp De holds 350,628 shares. Shannon River Fund Limited Liability Co owns 155,300 shares. Price T Rowe Associate Md stated it has 65,075 shares or 0% of all its holdings. The Australia-based Macquarie Group Incorporated Limited has invested 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Jacobs Levy Equity holds 0.17% or 268,300 shares in its portfolio. Fmr Ltd Liability has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Citigroup accumulated 253,470 shares or 0.01% of the stock. Jpmorgan Chase And Company has 0% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Palisade Capital Limited Liability Company Nj has 0.95% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since March 6, 2018, it had 0 buys, and 31 sales for $12.62 million activity. $100,000 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Baker R C Mark on Wednesday, May 30. Another trade for 13,154 shares valued at $574,366 was sold by Swartz Brian L. Another trade for 1,552 shares valued at $84,662 was sold by BURLINGAME HAROLD W. Goldin Mark sold 7,953 shares worth $381,259. The insider Miller Adam L sold $1.10 million. $116,785 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by Helvey Kirsten Maas.

Cornerstone OnDemand (NASDAQ:CSOD) Rating Reaffirmed

Barclays now has a $48 price target on the $3.37 billion market cap company or -16.22 % downside potential. In an analyst report shared with investors and clients on Friday, 7 September, Cornerstone OnDemand (NASDAQ:CSOD) shares have had their “Underweight” Rating maintained by equity analysts at Barclays.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Ratings Coverage

Among 9 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Cornerstone OnDemand has $61 highest and $38 lowest target. $51.44’s average target is -10.21% below currents $57.29 stock price. Cornerstone OnDemand had 13 analyst reports since March 14, 2018 according to SRatingsIntel. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Buy” rating by FBR Capital on Wednesday, May 30. The firm has “Buy” rating by Needham given on Tuesday, May 15. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) earned “Underweight” rating by Barclays Capital on Wednesday, August 8. Bank of America maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Thursday, April 19 with “Buy” rating. The rating was upgraded by PiperJaffray on Tuesday, July 17 to “Overweight”. The rating was maintained by Needham with “Buy” on Wednesday, March 14. JMP Securities maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Monday, March 19. JMP Securities has “Buy” rating and $48.0 target. Credit Suisse maintained it with “Outperform” rating and $51 target in Wednesday, March 14 report. FBR Capital maintained the shares of CSOD in report on Wednesday, March 14 with “Buy” rating. As per Wednesday, March 14, the company rating was maintained by Piper Jaffray.

The stock increased 1.08% or $0.61 during the last trading session, reaching $57.29. About 400,227 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 28.08% since September 8, 2017 and is uptrending. It has outperformed by 15.51% the S&P500.

Analysts await Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings on November, 14. They expect $-0.09 EPS, up 50.00 % or $0.09 from last year’s $-0.18 per share. After $-0.13 actual EPS reported by Cornerstone OnDemand, Inc. for the previous quarter, Wall Street now forecasts -30.77 % EPS growth.

Cornerstone OnDemand, Inc., together with its subsidiaries, provides human capital management software through software-as-a-service model worldwide. The company has market cap of $3.37 billion. The Company’s products suite includes recruiting suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; learning suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; performance suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and human resource administration suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting. It currently has negative earnings. The firm also offers Cornerstone Growth Edition, a cloud learning and talent management solution for organizations with 250 or fewer employees; and Cornerstone Edge solutions that allow clients and partners to integrate with marketplace of service providers.

Another recent and important Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news was published by Streetinsider.com which published an article titled: “Cornerstone OnDemand (CSOD) PT Raised to $65 at JMP Securities Following Management Meeting” on August 16, 2018.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Institutional Positions Chart

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