Notable Price Action: Time to Buy Cornerstone OnDemand, Inc. After Today’s Significant Increase?

Notable Price Action: Time to Buy Cornerstone OnDemand, Inc. After Today's Significant Increase?

The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) is a huge mover today! About 359,211 shares traded hands. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has declined 6.07% since April 5, 2016 and is downtrending. It has underperformed by 8.03% the S&P500.
The move comes after 8 months positive chart setup for the $2.06B company. It was reported on Nov, 8 by Barchart.com. We have $58.44 PT which if reached, will make NASDAQ:CSOD worth $1.42 billion more.

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

Out of 14 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. Cornerstone OnDemand has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Stephens upgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Wednesday, August 5. Stephens has “Overweight” rating and $45 price target. The firm has “Buy” rating given on Friday, November 4 by Wunderlich. Barclays Capital downgraded the stock to “Underweight” rating in Wednesday, January 6 report. Credit Suisse maintained it with “Outperform” rating and $31 target price in Thursday, February 11 report. The firm has “Buy” rating given on Monday, May 23 by Goldman Sachs. The stock has “Strong Buy” rating given by Needham on Thursday, July 30. On Friday, August 5 the stock rating was maintained by Wunderlich with “Buy”. As per Wednesday, January 13, the company rating was upgraded by FBR Capital. The firm has “Buy” rating by UBS given on Thursday, June 16. Credit Suisse downgraded the stock to “Neutral” rating in Friday, November 4 report.

According to Zacks Investment Research, “Cornerstone OnDemand, Inc. is a provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS). Solutions offered by the Company include five integrated platforms for learning management, enterprise social networking, performance management, succession planning and extended enterprise. Cornerstone OnDemand, Inc. is based in California.”

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.24, from 0.84 in 2016Q1. The ratio is positive, as 12 funds sold all Cornerstone OnDemand, Inc. shares owned while 64 reduced positions. 43 funds bought stakes while 39 increased positions. They now own 49.06 million shares or 1.64% less from 49.88 million shares in 2016Q1.
Clearbridge Invests Ltd Com accumulated 0.07% or 1.52 million shares. Nuveen Asset Mngmt Ltd owns 72,645 shares or 0.02% of their US portfolio. Ladenburg Thalmann Fincl Serv Inc owns 125 shares or 0% of their US portfolio. Barclays Public Limited Company reported 11,824 shares or 0% of all its holdings. Engineers Gate Manager Limited Partnership holds 0.19% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 68,594 shares. Moreover, University Of Notre Dame Du Lac has 1.93% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 53,656 shares. The Pennsylvania-based Vanguard Group Inc has invested 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Eagle Asset Mgmt reported 1.28 million shares or 0.34% of all its holdings. Cubist Systematic Strategies Ltd Limited Liability Company has invested 0.1% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Bank & Trust Of America De last reported 0% of its portfolio in the stock. Focused Wealth Mgmt has 0% invested in the company for 100 shares. Airain Limited has invested 0.06% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). The Kansas-based Waddell Reed has invested 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Susquehanna Intl Gru Limited Liability Partnership holds 19,327 shares or 0% of its portfolio. Blackrock Institutional Na owns 1.24M shares or 0.01% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 10 selling transactions for $2.47 million net activity. 2,500 shares were sold by Helvey Kirsten Maas, worth $110,000. Carter David Joseph also sold $730,670 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares. 4,129 shares with value of $157,150 were sold by Weiss Adam J. on Friday, July 1. Another trade for 4,000 shares valued at $187,586 was made by Baker R C Mark on Friday, September 2. Another trade for 4,062 shares valued at $181,563 was sold by Goldin Mark.

More news for Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were recently published by: Fortune.com, which released: “Cornerstone OnDemand” on January 26, 2016. Businesswire.com‘s article titled: “Cornerstone OnDemand Names Brian L. Swartz as Chief Financial Officer” and published on May 04, 2016 is yet another important article.

CSOD Company Profile

Cornerstone OnDemand, Inc. (Cornerstone), incorporated on May 24, 1999, is a well-known provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstone’s Enterprise and Mid-Market solution is a cloud suite that addresses needs throughout the entire employee lifecycle, from recruitment, onboarding, training and collaboration, to performance management, compensation, succession planning and analytics. The platform is composed of several products, focused on recruiting, learning management, performance management and analytics. The platform also helps manage business execution through integrating with an organization’s extended enterprise of clients, vendors and distributors by delivering training, certification programs and other content. The Firm also offers Cornerstone for Salesforce and Cornerstone Growth Edition. Cornerstone for Salesforce is a cloud learning solution developed on the Salesforce.com platform. Cornerstone for Salesforce allows organizations to provide access to sales enablement and just-in-time training embedded within Salesforce. Cornerstone Growth Edition is a cloud learning and talent management solution targeted to organizations. The Company’s clients include multi-national firms, large domestic and foreign enterprises, mid-market companies, public sector organizations, healthcare providers, higher education institutions, and non-profit entities. It sells its solutions domestically and internationally through both direct and indirect channels, including direct sales teams throughout North and South America, Europe, and Asia-Pacific and distributor relationships with payroll companies, human resource consultancies and global system integrators.

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