Needham analyst Scott Berg assigned a Buy rating to Cornerstone Ondemand (CSOD) today and set a price target of $45.00. The company’s shares closed last Thursday at $38.11.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 22.1% and a 71.3% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Tyler Technologies, and Bill.com Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cornerstone Ondemand with a $43.00 average price target.
See today’s analyst top recommended stocks >>
Based on Cornerstone Ondemand’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $150 million and GAAP net loss of $13.78 million. In comparison, last year the company earned revenue of $140 million and had a GAAP net loss of $3.46 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSOD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The company was founded by Adam L. Miller, Steven D. Seymour, and Perry A. Wallack on May 24, 1999 and is headquartered in Santa Monica, CA.
