Cornerstone OnDemand (CSOD) Releases Earnings Results, Misses Expectations By $0.02 EPS

Cornerstone OnDemand (NASDAQ:CSOD) posted its earnings results on Tuesday. The software maker reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02), Bloomberg Earnings reports. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%.

Cornerstone OnDemand (NASDAQ CSOD) opened at $39.00 on Wednesday. Cornerstone OnDemand has a 12 month low of $33.24 and a 12 month high of $44.25.

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $34.81, for a total value of $104,430.00. Following the transaction, the director now directly owns 24,850 shares of the company’s stock, valued at approximately $865,028.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the completion of the transaction, the chief executive officer now directly owns 3,502,640 shares in the company, valued at $146,095,114.40. The disclosure for this sale can be found here. Insiders sold a total of 36,000 shares of company stock worth $1,466,580 over the last three months. Corporate insiders own 12.60% of the company’s stock.

A number of research analysts recently weighed in on the stock. B. Riley decreased 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 note on Friday, November 10th. Zacks Investment Research raised 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 note on Wednesday, January 10th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $44.00 price target on shares of Cornerstone OnDemand in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. raised shares of Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Cornerstone OnDemand in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.56.

Cornerstone OnDemand declared that its board has authorized a share buyback program on Wednesday, November 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.

Earnings History for Cornerstone OnDemand (NASDAQ:CSOD)

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