Cornerstone OnDemand (NASDAQ:CSOD) issued its quarterly earnings results on Monday. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09, Bloomberg Earnings reports. Cornerstone OnDemand had a negative net margin of 0.70% and a positive return on equity of 40.28%. The firm had revenue of $149.60 million for the quarter, compared to the consensus estimate of $146.24 million. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Cornerstone OnDemand updated its Q1 2020
After-Hours guidance to EPS.
Shares of NASDAQ:CSOD opened at $42.66 on Thursday. The business’s 50 day simple moving average is $59.32 and its two-hundred day simple moving average is $57.18. The firm has a market cap of $2.39 billion, a P/E ratio of -533.25 and a beta of 1.12. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.47 and a current ratio of 1.47. Cornerstone OnDemand has a 52-week low of $38.66 and a 52-week high of $64.45.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of Cornerstone OnDemand from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $69.00 to $50.00 in a research note on Tuesday. BidaskClub lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Cornerstone OnDemand in a research report on Tuesday. DA Davidson reiterated a “positive” rating and set a $64.00 price target on shares of Cornerstone OnDemand in a report on Tuesday. Finally, Barclays decreased their price target on Cornerstone OnDemand from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Cornerstone OnDemand presently has a consensus rating of “Buy” and a consensus price target of $61.56.
In other news, CEO Adam L. Miller sold 25,743 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $59.17, for a total value of $1,523,213.31. Following the transaction, the chief executive officer now owns 1,822,315 shares in the company, valued at $107,826,378.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristina Salen sold 9,740 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $59.86, for a total value of $583,036.40. Following the completion of the transaction, the director now owns 13,750 shares in the company, valued at approximately $823,075. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,003 shares of company stock worth $5,342,540. Corporate insiders own 9.40% of the company’s stock.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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