Cornerstone OnDemand, Inc. (CSOD)’s Stock Is Buy After Achieving 52-Week High

June 21, 2018 - By Vivian Currie

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.
196,634 are held by Hudson Bay Mngmt Limited Partnership. Voya Limited has invested 0.02% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Fmr Limited Liability Corporation has invested 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Tensile Mgmt Limited Co invested 9.18% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). State Of Wisconsin Inv Board owns 0.01% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 59,481 shares. Sumitomo Mitsui Asset Mgmt Ltd invested in 410,925 shares or 0.24% of the stock. Citigroup reported 253,470 shares or 0.01% of all its holdings. 711,270 were accumulated by Sheffield Asset Management Limited Liability Company. Jacobs Levy Equity Management stated it has 0.17% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Amundi Pioneer Asset Mgmt Inc invested in 0% or 14,370 shares. Invesco holds 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 56,518 shares. Telemus Limited Com has 1.23% invested in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Granahan Inv Mngmt Ma accumulated 275,122 shares. Manufacturers Life Ins The invested in 39,340 shares. Wells Fargo Mn has invested 0.01% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Since January 25, 2018, it had 0 insider buys, and 28 sales for $9.85 million activity. Shares for $574,366 were sold by Swartz Brian L. Carter David Joseph also sold $301,629 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares. $74,389 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) was sold by BURLINGAME HAROLD W. 6,047 Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares with value of $282,625 were sold by Goldin Mark. Weiss Adam J. had sold 2,000 shares worth $93,880. $100,000 worth of stock was sold by Baker R C Mark on Wednesday, May 30.

The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) hit a new 52-week high and has $55.21 target or 7.00 % above today’s $51.60 share price. The 8 months bullish chart indicates low risk for the $2.98B company. The 1-year high was reported on Jun, 21 by Barchart.com. If the $55.21 price target is reached, the company will be worth $208.39M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 2.46% or $1.3 during the last trading session, reaching $51.6. About 217,638 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 28.08% since June 21, 2017 and is uptrending. It has outperformed by 15.51% the S&P500.

Analysts await Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to report earnings on August, 2. They expect $-0.12 EPS, up 58.62 % or $0.17 from last year’s $-0.29 per share. After $-0.10 actual EPS reported by Cornerstone OnDemand, Inc. for the previous quarter, Wall Street now forecasts 20.00 % negative EPS growth.

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

Among 8 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Cornerstone OnDemand has $6000 highest and $38 lowest target. $49’s average target is -5.04% below currents $51.6 stock price. Cornerstone OnDemand had 12 analyst reports since January 22, 2018 according to SRatingsIntel. Needham maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Wednesday, March 14. Needham has “Buy” rating and $55.0 target. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Hold” rating given on Wednesday, March 14 by Piper Jaffray. The firm earned “Buy” rating on Thursday, April 19 by Bank of America. The firm earned “Buy” rating on Friday, February 9 by FBR Capital. The stock has “Buy” rating by Needham on Tuesday, May 15. The stock has “Hold” rating by MUFG Securities Americas Inc on Wednesday, May 9. The stock has “Buy” rating by Bank of America on Monday, January 22. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 14. The firm has “Buy” rating given on Wednesday, March 14 by FBR Capital. The company was maintained on Wednesday, February 14 by JP Morgan.

More news for Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were recently published by: Profitconfidential.com, which released: “CSOD Stock Looks Skyward as Its Bull Market Resumes” on June 07, 2018. Seekingalpha.com‘s article titled: “Billion Dollar Unicorns: Cornerstone OnDemand Faces Intense Competition” and published on June 20, 2018 is yet another important article.

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 $2.98 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.

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

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