Equities analysts expect that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will report $130.01 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Cornerstone OnDemand’s earnings, with the lowest sales estimate coming in at $129.63 million and the highest estimate coming in at $130.32 million. Cornerstone OnDemand posted sales of $121.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The company is expected to announce its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Cornerstone OnDemand will report full year sales of $524.11 million for the current fiscal year, with estimates ranging from $522.63 million to $526.23 million. For the next financial year, analysts expect that the company will report sales of $565.86 million, with estimates ranging from $553.19 million to $575.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $132.52 million for the quarter, compared to the consensus estimate of $128.33 million. Cornerstone OnDemand had a negative net margin of 10.03% and a negative return on equity of 79.03%.

A number of research analysts have recently weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and set a $65.00 price target on shares of Cornerstone OnDemand in a report on Wednesday, August 8th. Mitsubishi UFJ Financial Group raised their price target on shares of Cornerstone OnDemand to $48.00 and gave the company a “neutral” rating in a report on Tuesday, August 14th. Barclays lifted their target price on shares of Cornerstone OnDemand from $40.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, September 7th. BidaskClub downgraded shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, B. Riley lifted their target price on shares of Cornerstone OnDemand from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $56.09.

Shares of Cornerstone OnDemand stock traded down $0.82 during midday trading on Friday, reaching $57.12. 385,200 shares of the company’s stock traded hands, compared to its average volume of 521,106. The company has a market capitalization of $3.42 billion, a P/E ratio of -81.99 and a beta of 0.85. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.50. Cornerstone OnDemand has a 52 week low of $33.57 and a 52 week high of $59.18.

In related news, insider Mark Goldin sold 7,953 shares of Cornerstone OnDemand stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $47.94, for a total value of $381,266.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam L. Miller sold 5,834 shares of Cornerstone OnDemand stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $47.95, for a total transaction of $279,740.30. Following the completion of the transaction, the chief executive officer now owns 3,452,434 shares in the company, valued at approximately $165,544,210.30. The disclosure for this sale can be found here. Insiders sold a total of 166,111 shares of company stock worth $8,992,461 in the last quarter. Insiders own 11.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP grew its position in Cornerstone OnDemand by 3.1% in the 2nd quarter. First Trust Advisors LP now owns 2,047,436 shares of the software maker’s stock worth $97,110,000 after purchasing an additional 61,632 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in Cornerstone OnDemand by 1.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,509,541 shares of the software maker’s stock worth $71,597,000 after purchasing an additional 27,730 shares during the last quarter. Soma Equity Partners LP grew its position in Cornerstone OnDemand by 8.4% in the 1st quarter. Soma Equity Partners LP now owns 1,118,000 shares of the software maker’s stock worth $43,725,000 after purchasing an additional 87,000 shares during the last quarter. FMR LLC grew its position in Cornerstone OnDemand by 0.8% in the 2nd quarter. FMR LLC now owns 940,214 shares of the software maker’s stock worth $44,594,000 after purchasing an additional 7,775 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Cornerstone OnDemand by 19.2% in the 2nd quarter. Victory Capital Management Inc. now owns 786,279 shares of the software maker’s stock worth $37,293,000 after purchasing an additional 126,630 shares during the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.

Cornerstone OnDemand Company Profile

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 source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; 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 supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

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

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