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.
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.
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