UBS Maintains Cornerstone OnDemand to Buy with Price Target $50.00

Brokerage firm UBS Maintains its rating on Cornerstone OnDemand(NASDAQ:CSOD). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Buy. The rating by UBS was issued on Aug 5, 2016.

In a different note, On Jul 15, 2016, Barclays said it Upgrades its rating on Cornerstone OnDemand. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 16, 2016, UBS said it Maintains its rating on Cornerstone OnDemand. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage on Cornerstone OnDemand, according to a research note issued on May 23, 2016. The shares have been rated ‘Buy’ by the firm.

Cornerstone OnDemand (CSOD) shares turned negative on Wednesdays trading session with the shares closing down -0.8 points or -1.79% at a volume of 2,75,667. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.71. The peak price level was also seen at $44.71 while the days lowest was $43.66. Finally the shares closed at $43.95. The 52-week high of the shares is $46.54 while the 52-week low is $22.25. According to the latest information available, the market cap of the company is $2,458 M.

Cornerstone OnDemand(CSOD) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $95.96M. Analysts had an estimated revenue of $97.71M. Earnings per share were $-0.02. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Adam J. Weiss (SVP Admin. & General Counsel) sold 4,129 shares at $38.06 per share price.Also, On Jul 6, 2016, Kirsten Maas Helvey (Chief Operating Officer) sold 5,563 shares at $38.06 per share price.On Jul 6, 2016, Mark Goldin (Chief Technology Officer) sold 5,563 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). Cornerstone’s 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 Company’s product offerings include Cornerstone Recruiting Cornerstone Onboarding Cornerstone Learning Cornerstone Performance Cornerstone Succession Cornerstone Compensation Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Company’s 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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