News coverage about Cornerstone OnDemand (NASDAQ:CSOD) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cornerstone OnDemand earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.3571507376701 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms recently issued reports on CSOD. Zacks Investment Research upgraded Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday. Barclays boosted their price objective on Cornerstone OnDemand from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. upgraded Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 8th. BidaskClub upgraded Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, B. Riley reduced their price target on Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Cornerstone OnDemand currently has an average rating of “Hold” and an average price target of $42.78.
Cornerstone OnDemand (NASDAQ:CSOD) traded up $0.26 during trading hours on Thursday, reaching $38.92. The company had a trading volume of 273,647 shares, compared to its average volume of 539,418. The firm has a market capitalization of $2,220.00, a price-to-earnings ratio of -31.14 and a beta of 0.50. Cornerstone OnDemand has a 52-week low of $33.24 and a 52-week high of $44.25.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Cornerstone OnDemand had a negative return on equity of 173.27% and a negative net margin of 15.45%. The firm had revenue of $121.80 million for the quarter, compared to analyst estimates of $118.95 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Cornerstone OnDemand’s quarterly revenue was up 13.0% on a year-over-year basis. sell-side analysts predict that Cornerstone OnDemand will post -0.66 EPS for the current year.
Cornerstone OnDemand declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Joseph P. Payne purchased 3,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $34.32 per share, for a total transaction of $102,960.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R C. Mark Baker sold 2,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $39.88, for a total value of $79,760.00. Following the sale, the director now owns 25,850 shares of the company’s stock, valued at approximately $1,030,898. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock worth $295,040 in the last 90 days. Corporate insiders own 12.60% of the company’s stock.
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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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