Wall Street analysts predict that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will post sales of $132.12 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Cornerstone OnDemand’s earnings, with the lowest sales estimate coming in at $129.20 million and the highest estimate coming in at $134.11 million. Cornerstone OnDemand reported sales of $109.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.2%. The firm is scheduled to report its next earnings results on Monday, February 12th.

According to Zacks, analysts expect that Cornerstone OnDemand will report full-year sales of $132.12 million for the current financial year, with estimates ranging from $479.20 million to $484.13 million. For the next year, analysts expect that the firm will post sales of $516.59 million per share, with estimates ranging from $495.30 million to $557.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $118.95 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. Cornerstone OnDemand’s revenue was up 13.0% on a year-over-year basis.

A number of research analysts have weighed in on the company. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of Cornerstone OnDemand in a report on Wednesday, August 9th. Zacks Investment Research cut Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays increased their target price on Cornerstone OnDemand from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co upgraded Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Cornerstone OnDemand in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Cornerstone OnDemand currently has a consensus rating of “Hold” and a consensus price target of $43.56.

In related news, CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $40.81, for a total transaction of $244,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam L. Miller sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $41.28, for a total value of $990,720.00. Following the sale, the chief executive officer now directly owns 3,539,587 shares of the company’s stock, valued at $146,114,151.36. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $1,506,190 over the last ninety days. Corporate insiders own 12.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSOD. Teachers Advisors LLC increased its holdings in Cornerstone OnDemand by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 85,227 shares of the software maker’s stock worth $3,314,000 after purchasing an additional 2,287 shares during the period. California Public Employees Retirement System increased its holdings in Cornerstone OnDemand by 15.7% during the 1st quarter. California Public Employees Retirement System now owns 30,200 shares of the software maker’s stock worth $1,174,000 after purchasing an additional 4,100 shares during the period. Renaissance Technologies LLC purchased a new position in Cornerstone OnDemand during the 1st quarter worth $614,000. Aperio Group LLC increased its holdings in Cornerstone OnDemand by 9.2% during the 2nd quarter. Aperio Group LLC now owns 9,972 shares of the software maker’s stock worth $356,000 after purchasing an additional 838 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Cornerstone OnDemand by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 192,825 shares of the software maker’s stock valued at $6,894,000 after acquiring an additional 7,529 shares during the period. Institutional investors own 95.89% of the company’s stock.

Cornerstone OnDemand (NASDAQ CSOD) traded down $1.47 during mid-day trading on Tuesday, reaching $35.33. The company’s stock had a trading volume of 703,700 shares, compared to its average volume of 637,967. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $44.25.

Cornerstone OnDemand announced that its board has initiated a stock repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

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Earnings History and Estimates for Cornerstone OnDemand (NASDAQ:CSOD)

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