Cornerstone OnDemand (CSOD) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
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.
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.
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