Brokerages forecast that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will announce sales of $129.99 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Cornerstone OnDemand’s earnings. The highest sales estimate is $130.32 million and the lowest is $129.63 million. Cornerstone OnDemand posted sales of $121.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Cornerstone OnDemand will report full-year sales of $524.21 million for the current financial year, with estimates ranging from $522.63 million to $526.23 million. For the next year, analysts expect that the firm will report sales of $564.18 million per share, 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 sell-side research firms that follow Cornerstone OnDemand.

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

CSOD has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. B. Riley increased their price target 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. Piper Jaffray Companies raised shares of Cornerstone OnDemand from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $60.00 in a report on Tuesday, July 17th. Credit Suisse Group reissued an “outperform” rating and issued a $55.00 price target on shares of Cornerstone OnDemand in a report on Thursday, May 10th. Finally, Needham & Company LLC increased their price target on shares of Cornerstone OnDemand from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Tuesday, May 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.00.

Shares of Cornerstone OnDemand stock opened at $56.89 on Wednesday. Cornerstone OnDemand has a 12-month low of $33.57 and a 12-month high of $57.00. The stock has a market capitalization of $3.32 billion, a PE ratio of -81.24 and a beta of 0.84. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.50.

In related news, insider Adam J. Weiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $51.55, for a total value of $103,100.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Goldin sold 7,953 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $47.94, for a total transaction of $381,266.82. The disclosure for this sale can be found here. Insiders sold 142,284 shares of company stock worth $7,491,081 over the last ninety days. 11.70% of the stock is currently owned by insiders.

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

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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