Cornerstone OnDemand, Inc. (CSOD) to Post Q3 2020 Earnings of $0.18 Per Share, Piper Jaffray Companies Forecasts

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) – Piper Jaffray Companies raised their Q3 2020 EPS estimates for Cornerstone OnDemand in a report issued on Tuesday, May 7th. Piper Jaffray Companies analyst A. Zukin now anticipates that the software maker will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.17.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.23). The company had revenue of $140.10 million for the quarter, compared to analysts’ expectations of $135.51 million. Cornerstone OnDemand had a negative net margin of 6.29% and a negative return on equity of 28.62%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS.

CSOD has been the subject of a number of other research reports. BidaskClub lowered Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. TheStreet upgraded Cornerstone OnDemand from a “d” rating to a “c” rating in a research note on Wednesday, February 13th. Zacks Investment Research lowered Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. DA Davidson began coverage on Cornerstone OnDemand in a research note on Friday, February 1st. They set a “buy” rating and a $65.00 price objective for the company. Finally, Bank of America lifted their price objective on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.75.

NASDAQ CSOD opened at $53.47 on Friday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -232.48 and a beta of 1.11. Cornerstone OnDemand has a fifty-two week low of $45.89 and a fifty-two week high of $60.19. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 5.99.

A number of institutional investors have recently modified their holdings of the business. Raymond James & Associates increased its holdings in Cornerstone OnDemand by 0.8% in the first quarter. Raymond James & Associates now owns 26,060 shares of the software maker’s stock valued at $1,428,000 after buying an additional 212 shares in the last quarter. Legal & General Group Plc grew its position in shares of Cornerstone OnDemand by 1.4% in the third quarter. Legal & General Group Plc now owns 18,455 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 250 shares during the last quarter. Advisor Group Inc. grew its position in shares of Cornerstone OnDemand by 33.2% in the first quarter. Advisor Group Inc. now owns 1,132 shares of the software maker’s stock valued at $62,000 after purchasing an additional 282 shares during the last quarter. Greenwood Capital Associates LLC grew its position in shares of Cornerstone OnDemand by 9.2% in the first quarter. Greenwood Capital Associates LLC now owns 5,614 shares of the software maker’s stock valued at $308,000 after purchasing an additional 472 shares during the last quarter. Finally, National Asset Management Inc. grew its position in shares of Cornerstone OnDemand by 11.6% in the first quarter. National Asset Management Inc. now owns 5,287 shares of the software maker’s stock valued at $290,000 after purchasing an additional 549 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

In other Cornerstone OnDemand news, Director Harold W. Burlingame sold 1,553 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $52.39, for a total value of $81,361.67. Following the completion of the transaction, the director now directly owns 53,327 shares of the company’s stock, valued at $2,793,801.53. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian L. Swartz sold 6,598 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $53.87, for a total transaction of $355,434.26. Following the completion of the transaction, the chief financial officer now directly owns 145,603 shares of the company’s stock, valued at $7,843,633.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,078 shares of company stock valued at $7,542,002. Insiders own 11.70% of the company’s stock.

About Cornerstone OnDemand

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 attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; 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 provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

Featured Article: The benefits and drawbacks of dollar cost averaging

Earnings History and Estimates for Cornerstone OnDemand (NASDAQ:CSOD)

Receive News & Ratings for Cornerstone OnDemand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone OnDemand and related companies with MarketBeat.com's FREE daily email newsletter.