Cornerstone OnDemand, Inc. (NASDAQ:CSOD) – Equities research analysts at B. Riley lowered their Q1 2018 earnings per share (EPS) estimates for Cornerstone OnDemand in a report released on Wednesday. B. Riley analyst K. Liu now expects that the software maker will post earnings per share of ($0.26) for the quarter, down from their previous forecast of ($0.19). B. Riley has a “Buy” rating and a $49.00 price target on the stock. B. Riley also issued estimates for Cornerstone OnDemand’s Q3 2018 earnings at ($0.08) EPS and Q4 2018 earnings at ($0.06) EPS.
Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Tuesday, February 13th. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $131.96 million for the quarter, compared to analysts’ expectations of $132.12 million. Cornerstone OnDemand had a negative net margin of 12.73% and a negative return on equity of 140.92%.
A number of other research firms have also weighed in on CSOD. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, January 10th. ValuEngine lowered shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. William Blair reissued a “market perform” rating on shares of Cornerstone OnDemand in a research report on Wednesday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.56.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) opened at $43.52 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 12.89. The stock has a market cap of $2,617.19, a PE ratio of -40.30 and a beta of 0.55. Cornerstone OnDemand has a 1 year low of $33.24 and a 1 year high of $46.19.
Large investors have recently modified their holdings of the company. Capital Fund Management S.A. purchased a new position in shares of Cornerstone OnDemand during the fourth quarter worth approximately $3,768,000. Sei Investments Co. increased its position in shares of Cornerstone OnDemand by 10.2% during the third quarter. Sei Investments Co. now owns 155,935 shares of the software maker’s stock worth $6,332,000 after acquiring an additional 14,384 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Cornerstone OnDemand by 14.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 252,540 shares of the software maker’s stock worth $10,256,000 after acquiring an additional 31,529 shares during the period. Nordea Investment Management AB increased its position in shares of Cornerstone OnDemand by 17.8% during the third quarter. Nordea Investment Management AB now owns 57,676 shares of the software maker’s stock worth $2,342,000 after acquiring an additional 8,726 shares during the period. Finally, Soma Equity Partners LP increased its position in shares of Cornerstone OnDemand by 260.3% during the third quarter. Soma Equity Partners LP now owns 898,000 shares of the software maker’s stock worth $36,468,000 after acquiring an additional 648,773 shares during the period. 97.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider David Joseph Carter sold 6,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $43.35, for a total transaction of $301,629.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam L. Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $41.71, for a total transaction of $1,251,300.00. Following the transaction, the chief executive officer now directly owns 3,502,640 shares in the company, valued at $146,095,114.40. The disclosure for this sale can be found here. Insiders sold a total of 89,960 shares of company stock worth $3,786,804 over the last three months. 12.60% of the stock is currently owned by corporate insiders.
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Cornerstone OnDemand Company Profile
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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