Cornerstone OnDemand (NASDAQ:CSOD) posted its quarterly earnings results on Tuesday. The software maker reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02), Bloomberg Earnings reports. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%.

Cornerstone OnDemand (NASDAQ CSOD) opened at $39.00 on Wednesday. The company has a market cap of $2,230.36, a P/E ratio of -31.20 and a beta of 0.57. Cornerstone OnDemand has a 12 month low of $33.24 and a 12 month high of $44.25.

Cornerstone OnDemand declared that its Board of Directors has approved a share repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Several research firms have recently weighed in on CSOD. JPMorgan Chase & Co. lifted their price target on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday. ValuEngine downgraded shares of Cornerstone OnDemand from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, January 10th. BidaskClub raised shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of Cornerstone OnDemand in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.00.

In related news, CEO Adam L. Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $41.71, for a total value of $1,251,300.00. Following the completion of the transaction, the chief executive officer now owns 3,502,640 shares of the company’s stock, valued at $146,095,114.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R C. Mark Baker sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $36.95, for a total transaction of $110,850.00. Following the completion of the transaction, the director now directly owns 25,850 shares of the company’s stock, valued at approximately $955,157.50. The disclosure for this sale can be found here. Insiders sold 36,000 shares of company stock valued at $1,466,580 in the last three months. 12.60% of the stock is currently owned by insiders.

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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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