Brokerages expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) to post $135.31 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Cornerstone OnDemand’s earnings, with estimates ranging from $135.10 million to $135.51 million. Cornerstone OnDemand reported sales of $133.11 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Cornerstone OnDemand will report full year sales of $563.97 million for the current financial year, with estimates ranging from $561.30 million to $566.75 million. For the next financial year, analysts anticipate that the business will report sales of $634.22 million, with estimates ranging from $626.34 million to $642.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $129.91 million. Cornerstone OnDemand had a negative net margin of 6.29% and a negative return on equity of 28.62%. Cornerstone OnDemand’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS.

A number of equities research analysts recently issued reports on the company. BidaskClub raised Cornerstone OnDemand from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Bank of America increased their target price on Cornerstone OnDemand from $62.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research cut Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. JMP Securities reissued a “buy” rating and set a $65.00 target price on shares of Cornerstone OnDemand in a report on Sunday, February 17th. Finally, DA Davidson assumed coverage on Cornerstone OnDemand in a report on Friday, February 1st. They set a “buy” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.75.

NASDAQ CSOD traded down $0.08 during trading on Friday, reaching $54.28. 39,091 shares of the stock traded hands, compared to its average volume of 476,501. The stock has a market cap of $3.21 billion, a P/E ratio of -236.00 and a beta of 1.14. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.43 and a current ratio of 1.43. Cornerstone OnDemand has a fifty-two week low of $41.53 and a fifty-two week high of $60.19.

In other news, Director Harold W. Burlingame sold 1,553 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $53.82, for a total value of $83,582.46. Following the completion of the sale, the director now directly owns 53,327 shares in the company, valued at $2,870,059.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Goldin sold 6,736 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $60.00, for a total value of $404,160.00. The disclosure for this sale can be found here. Insiders sold 152,480 shares of company stock valued at $8,529,999 over the last 90 days. Company insiders own 11.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of CSOD. Legal & General Group Plc lifted its position in shares of Cornerstone OnDemand by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 18,455 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 250 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Cornerstone OnDemand by 164.0% during the 4th quarter. Advisor Group Inc. now owns 850 shares of the software maker’s stock valued at $43,000 after acquiring an additional 528 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Cornerstone OnDemand by 2.9% during the 4th quarter. Raymond James & Associates now owns 25,848 shares of the software maker’s stock valued at $1,304,000 after acquiring an additional 722 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Cornerstone OnDemand by 245.0% during the 4th quarter. IFP Advisors Inc now owns 1,080 shares of the software maker’s stock valued at $54,000 after acquiring an additional 767 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Cornerstone OnDemand by 2.0% during the 4th quarter. Macquarie Group Ltd. now owns 47,242 shares of the software maker’s stock valued at $2,382,000 after acquiring an additional 920 shares during the last quarter. Institutional investors and hedge funds own 93.16% 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.

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

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