OneStream, Inc. (NASDAQ:OS) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give OneStream an average rating of Hold from 23 analysts (3 sell, 17 hold, 3 buy) with a mean 12‑month price target of $25.10, and several firms have recently downgraded their ratings.
• OneStream beat quarterly expectations with $0.12 EPS (vs. $0.05 est.) and $163.7M revenue (up 23.6% YoY), but the company still reports a negative net margin and remains unprofitable on a GAAP basis.
• Insiders have been net sellers recently—248,631 shares (~$5.86M) sold in the last 90 days, including sales by the president and CRO—though insiders still own about 12.77% of the company.

OneStream, Inc. (NASDAQ:OS - Get Free Report) has been assigned an average rating of "Hold" from the twenty-three analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.10.

Several analysts recently commented on the company. Guggenheim downgraded OneStream from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 7th. Needham & Company LLC cut OneStream from a "buy" rating to a "hold" rating in a report on Wednesday, January 7th. TD Cowen cut OneStream from a "buy" rating to a "hold" rating and cut their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 7th. William Blair cut OneStream from an "outperform" rating to a "hold" rating in a report on Tuesday, January 6th. Finally, Piper Sandler set a $24.00 price objective on OneStream in a report on Monday, February 2nd.

OneStream Price Performance

NASDAQ:OS opened at $24.00 on Friday. OneStream has a 12-month low of $16.51 and a 12-month high of $29.66. The firm has a market capitalization of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99. The stock's fifty day simple moving average is $23.69 and its 200-day simple moving average is $21.28.

OneStream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to analyst estimates of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The firm's revenue was up 23.6% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. As a group, equities research analysts expect that OneStream will post 0.05 earnings per share for the current year.

Insider Activity

In other news, President Scott Leshinski sold 7,412 shares of OneStream stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total transaction of $175,516.16. Following the transaction, the president owned 278,458 shares in the company, valued at $6,593,885.44. The trade was a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 120,000 shares of OneStream stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $23.63, for a total value of $2,835,600.00. Following the transaction, the executive owned 990,961 shares in the company, valued at $23,416,408.43. This trade represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 248,631 shares of company stock worth $5,862,862 in the last 90 days. Corporate insiders own 12.77% of the company's stock.

Institutional Trading of OneStream

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of OneStream by 10.1% in the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company's stock valued at $158,606,000 after purchasing an additional 786,408 shares in the last quarter. Norges Bank bought a new stake in shares of OneStream in the fourth quarter valued at about $109,803,000. Temasek Holdings Private Ltd lifted its holdings in shares of OneStream by 44.3% in the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company's stock valued at $78,636,000 after purchasing an additional 1,310,354 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of OneStream by 12.3% in the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company's stock valued at $51,210,000 after purchasing an additional 304,238 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of OneStream by 4.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company's stock valued at $49,043,000 after purchasing an additional 122,759 shares in the last quarter.

OneStream Company Profile

OneStream Software, Inc NASDAQ: OS is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company's flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.

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