Cornerstone Ondemand (CSOD) Receives a Hold from Mizuho Securities

Mizuho Securities analyst Siti Panigrahi maintained a Hold rating on Cornerstone Ondemand (CSODResearch Report) today and set a price target of $57.50. The company’s shares closed last Friday at $56.66, close to its 52-week high of $57.00.

According to TipRanks.com, Panigrahi is a 5-star analyst with an average return of 23.9% and a 73.6% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

Cornerstone Ondemand has an analyst consensus of Hold, with a price target consensus of $57.50, a 1.1% upside from current levels. In a report issued on August 6, Needham also downgraded the stock to Hold.

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Cornerstone Ondemand’s market cap is currently $3.75B and has a P/E ratio of -94.40. The company has a Price to Book ratio of -3.28.

Based on the recent corporate insider activity of 43 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.

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