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.

Cornerstone OnDemand announced that its board has authorized a stock repurchase program on Wednesday, November 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.

Earnings History for Cornerstone OnDemand (NASDAQ:CSOD)

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