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 Jun 16, 2016.

In a different note, 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. On May 5, 2016, Wunderlich said it Maintains its rating on Cornerstone OnDemand. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Buy’ by the firm.

Cornerstone OnDemand (CSOD) made into the market gainers list on Tuesdays trading session with the shares advancing 0.66% or 0.28 points. Due to strong positive momentum, the stock ended at $42.87, which is also near the day’s high of $43.19. The stock began the session at $42.79 and the volume stood at 2,92,549 shares. The 52-week high of the shares is $43.38 and the 52 week low is $22.25. The company has a current market capitalization of $2,361 M and it has 5,50,77,724 shares in outstanding.

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 Jun 10, 2016, Kirsten Maas Helvey (Chief Operating Officer) sold 2,387 shares at $43.00 per share price.Also, On May 27, 2016, David Joseph Carter (Senior Vice President of Sales) sold 19,356 shares at $37.75 per share price.On May 24, 2016, R C Mark Baker (director) sold 1,135 shares at $37.02 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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