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What Made Needham Downgrade Cornerstone Ondemand’s Stock?

Cornerstone Ondemand (CSODResearch Report) received a Hold rating from Needham analyst Scott Berg today. The company’s shares closed last Thursday at $49.92.

According to TipRanks.com, Berg is a top 25 analyst with an average return of 33.4% and a 76.3% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Tyler Technologies.

Currently, the analyst consensus on Cornerstone Ondemand is a Moderate Buy with an average price target of $64.67.

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The company has a one-year high of $55.50 and a one-year low of $32.99. Currently, Cornerstone Ondemand has an average volume of 370.1K.

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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