Cornerstone OnDemand (CSOD) Set to Announce Quarterly Earnings on Monday

Cornerstone OnDemand (NASDAQ:CSOD) is scheduled to issue its quarterly earnings data after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.

Shares of Cornerstone OnDemand (NASDAQ:CSOD) opened at $39.93 on Monday. The stock has a market cap of $2,311.99, a P/E ratio of -31.94 and a beta of 0.57. 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 buyback program on Wednesday, November 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

CSOD has been the topic of several analyst reports. B. Riley reduced their price target on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, January 10th. Credit Suisse Group reiterated a “buy” rating and set a $49.00 price target on shares of Cornerstone OnDemand in a research report on Thursday, January 18th. Bank of America upgraded shares of Cornerstone OnDemand from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $48.00 in a research report on Monday, January 22nd. Finally, BidaskClub upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.56.

In other Cornerstone OnDemand news, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $41.71, for a total value of $1,251,300.00. Following the sale, the chief executive officer now owns 3,502,640 shares in the company, valued at $146,095,114.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph P. Payne bought 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $34.32 per share, for a total transaction of $102,960.00. The disclosure for this purchase can be found here. Insiders sold 36,000 shares of company stock worth $1,466,580 in the last 90 days. Company insiders own 12.60% of the company’s stock.

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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.

Earnings History for Cornerstone OnDemand (NASDAQ:CSOD)

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