$132.12 Million in Sales Expected for Cornerstone OnDemand, Inc. (CSOD) This Quarter

Brokerages expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to post sales of $132.12 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Cornerstone OnDemand’s earnings. The lowest sales estimate is $129.20 million and the highest is $134.11 million. Cornerstone OnDemand posted sales of $109.03 million in the same quarter last year, which suggests a positive year over year growth rate of 21.2%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 13th.

On average, analysts expect that Cornerstone OnDemand will report full year sales of $132.12 million for the current fiscal year, with estimates ranging from $479.20 million to $484.13 million. For the next year, analysts anticipate that the company will report sales of $506.74 million per share, with estimates ranging from $495.30 million to $528.52 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Cornerstone OnDemand.

A number of equities analysts recently commented on CSOD shares. B. Riley dropped their price target on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Zacks Investment Research cut shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Barclays lifted their price target on shares of Cornerstone OnDemand from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, November 9th. Piper Jaffray Companies cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research note on Thursday, November 9th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Cornerstone OnDemand in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.56.

In related news, Director R C. Mark Baker sold 3,000 shares of Cornerstone OnDemand stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $36.95, for a total transaction of $110,850.00. Following the completion of the sale, the director now owns 25,850 shares in the company, valued at approximately $955,157.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the sale, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at approximately $146,095,114.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock valued at $1,466,580 in the last quarter. 12.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CSOD. Ameritas Investment Partners Inc. lifted its holdings in Cornerstone OnDemand by 5.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,572 shares of the software maker’s stock valued at $163,000 after buying an additional 223 shares in the last quarter. Trexquant Investment LP bought a new stake in Cornerstone OnDemand during the 3rd quarter valued at about $230,000. Amalgamated Bank lifted its holdings in Cornerstone OnDemand by 8.7% during the 2nd quarter. Amalgamated Bank now owns 6,704 shares of the software maker’s stock valued at $240,000 after buying an additional 535 shares in the last quarter. AHL Partners LLP bought a new stake in Cornerstone OnDemand during the 2nd quarter valued at about $255,000. Finally, Principal Financial Group Inc. lifted its holdings in Cornerstone OnDemand by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 7,306 shares of the software maker’s stock valued at $261,000 after buying an additional 95 shares in the last quarter. Institutional investors own 93.07% of the company’s stock.

Cornerstone OnDemand (NASDAQ:CSOD) opened at $37.52 on Friday. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $44.25. The company has a market cap of $2,167.83, a PE ratio of -30.02 and a beta of 0.57.

Cornerstone OnDemand announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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About Cornerstone OnDemand

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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