Cornerstone OnDemand, Inc. (NASDAQ:CSOD) – Stock analysts at DA Davidson issued their Q1 2019 earnings estimates for shares of Cornerstone OnDemand in a research report issued on Wednesday, February 13th. DA Davidson analyst R. Jaluria anticipates that the software maker will earn ($0.05) per share for the quarter. DA Davidson currently has a “Buy” rating and a $65.00 target price on the stock. DA Davidson also issued estimates for Cornerstone OnDemand’s Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.03 EPS, FY2019 earnings at ($0.11) EPS, Q1 2020 earnings at $0.05 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.34 EPS.
Other research analysts have also recently issued research reports about the stock. JMP Securities restated a “buy” rating and set a $65.00 price target on shares of Cornerstone OnDemand in a research note on Sunday. Goldman Sachs Group assumed coverage on shares of Cornerstone OnDemand in a research note on Friday, February 1st. They set a “neutral” rating and a $56.00 price target for the company. TheStreet upgraded shares of Cornerstone OnDemand from a “d” rating to a “c” rating in a research note on Wednesday, February 13th. Needham & Company LLC restated a “strong-buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Cornerstone OnDemand in a research note on Wednesday, February 13th. Finally, Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $61.25.
Shares of CSOD opened at $57.35 on Monday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -249.35 and a beta of 1.15. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.59 and a quick ratio of 1.59. Cornerstone OnDemand has a 12 month low of $37.74 and a 12 month high of $60.19.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $129.91 million. Cornerstone OnDemand had a negative net margin of 6.29% and a negative return on equity of 30.63%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in shares of Cornerstone OnDemand by 3.5% during the third quarter. Vanguard Group Inc now owns 4,738,027 shares of the software maker’s stock worth $268,882,000 after buying an additional 159,877 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Cornerstone OnDemand by 3.5% in the third quarter. Vanguard Group Inc. now owns 4,738,027 shares of the software maker’s stock valued at $268,882,000 after purchasing an additional 159,877 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Cornerstone OnDemand by 4.6% in the fourth quarter. BlackRock Inc. now owns 3,931,599 shares of the software maker’s stock valued at $198,271,000 after purchasing an additional 171,143 shares in the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of Cornerstone OnDemand by 7.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 3,442,143 shares of the software maker’s stock valued at $173,587,000 after purchasing an additional 237,527 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Cornerstone OnDemand by 7.1% in the third quarter. Clearbridge Investments LLC now owns 2,762,049 shares of the software maker’s stock valued at $156,746,000 after purchasing an additional 184,277 shares in the last quarter. 93.51% of the stock is owned by institutional investors.
In other news, Director Harold W. Burlingame sold 1,552 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $50.80, for a total transaction of $78,841.60. Following the completion of the sale, the director now owns 53,326 shares of the company’s stock, valued at $2,708,960.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam L. Miller sold 29,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $51.70, for a total transaction of $1,509,640.00. Following the sale, the chief executive officer now directly owns 3,289,563 shares of the company’s stock, valued at approximately $170,070,407.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,041 shares of company stock valued at $7,137,904. Company insiders own 11.70% of the company’s stock.
Cornerstone OnDemand Company Profile
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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.
