Cornerstone Ondemand (CSOD) Gets a Sell Rating from Barclays

In a report released today, Raimo Lenschow from Barclays maintained a Sell rating on Cornerstone Ondemand (NASDAQ: CSOD), with a price target of $48. The company’s shares closed yesterday at $56.68, close to its 52-week high of $57.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cornerstone Ondemand with a $60.50 average price target.

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Based on Cornerstone Ondemand’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.01 million. In comparison, last year the company had a GAAP net loss of $21.27 million.

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Cornerstone OnDemand, Inc. engages in the provision of learning and talent management solutions delivered as Software-as-a-Service. It is also involved in providing support packages; client success framework; technical consulting; and content, implementation, business consulting, and educational services.