OneStream, Inc. (NASDAQ:OS) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Analyst consensus: Twenty-two brokers give OneStream an average rating of "Reduce" (3 sell, 17 hold, 2 buy) with a mean 12-month target of $25.00.
• Insider activity: Insiders sold 128,631 shares (~$3.03M) over the last three months — including CAO Pamela Mcintyre and CRO Ken Hohenstein — though insiders still own 12.77% of the company.
• Quarterly results: OneStream beat estimates with $0.12 EPS (vs. $0.05 expected) and revenue of $163.73M (+23.6% YoY), but the company still shows a negative net margin and a negative P/E.

OneStream, Inc. (NASDAQ:OS - Get Free Report) has earned an average rating of "Reduce" from the twenty-two ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.00.

A number of analysts have recently issued reports on OS shares. Piper Sandler set a $24.00 target price on OneStream in a report on Monday, February 2nd. Rosenblatt Securities lowered OneStream from a "buy" rating to a "hold" rating and dropped their price target for the company from $26.00 to $24.00 in a research report on Wednesday, January 7th. Truist Financial set a $24.00 price objective on OneStream in a research note on Tuesday, January 6th. Weiss Ratings restated a "sell (e+)" rating on shares of OneStream in a research report on Thursday, January 22nd. Finally, William Blair downgraded OneStream from an "outperform" rating to a "hold" rating in a report on Tuesday, January 6th.

Insider Activity at OneStream

In related news, CAO Pamela Mcintyre sold 2,015 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total transaction of $47,715.20. Following the transaction, the chief accounting officer directly owned 55,800 shares of the company's stock, valued at approximately $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Ken Hohenstein sold 60,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the completion of the sale, the executive owned 990,961 shares of the company's stock, valued at approximately $23,247,945.06. The trade was a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 128,631 shares of company stock valued at $3,027,262. Corporate insiders own 12.77% of the company's stock.

Institutional Trading of OneStream

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of OneStream by 588.4% during the 1st quarter. Royal Bank of Canada now owns 63,768 shares of the company's stock worth $1,361,000 after purchasing an additional 54,505 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in OneStream by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company's stock worth $23,530,000 after buying an additional 371,520 shares during the last quarter. Rhumbline Advisers bought a new position in OneStream during the first quarter valued at approximately $35,000. Cetera Investment Advisers acquired a new stake in OneStream in the second quarter valued at approximately $343,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in OneStream in the second quarter worth approximately $370,000.

OneStream Price Performance

OneStream stock opened at $24.00 on Wednesday. OneStream has a fifty-two week low of $16.51 and a fifty-two week high of $29.66. The firm's 50 day simple moving average is $23.85 and its 200-day simple moving average is $21.88. The company has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. OneStream had a negative net margin of 8.36% and a positive return on equity of 11.28%. The business had revenue of $163.73 million during the quarter, compared to the consensus estimate of $157.28 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm's quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

About OneStream

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.