Cornerstone OnDemand (CSOD) Announces Quarterly Earnings Results
Cornerstone OnDemand (NASDAQ:CSOD) posted its quarterly earnings data on Tuesday. The software maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $131.96 million for the quarter, compared to analysts’ expectations of $132.12 million. Cornerstone OnDemand had a negative return on equity of 130.79% and a negative net margin of 12.73%.
Shares of Cornerstone OnDemand (NASDAQ CSOD) opened at $39.10 on Thursday. Cornerstone OnDemand has a 52-week low of $33.24 and a 52-week high of $44.25.
In related news, CEO Adam L. Miller sold 30,000 shares of Cornerstone OnDemand stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $41.71, for a total value of $1,251,300.00. Following the completion of the sale, the chief executive officer now directly owns 3,502,640 shares in the company, valued at $146,095,114.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R C. Mark Baker sold 3,000 shares of Cornerstone OnDemand stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $34.81, for a total value of $104,430.00. Following the completion of the sale, the director now owns 24,850 shares of the company’s stock, valued at $865,028.50. The disclosure for this sale can be found here. Insiders sold 36,000 shares of company stock valued at $1,466,580 over the last 90 days. 12.60% of the stock is currently owned by corporate insiders.
Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday. ValuEngine downgraded Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $44.00 target price on shares of Cornerstone OnDemand in a research report on Tuesday, January 23rd. Bank of America upgraded Cornerstone OnDemand from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $48.00 in a research report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.00.
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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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