OneStream (NASDAQ:OS) Shares Gap Down - Should You Sell?

OneStream, Inc. (NASDAQ:OS - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $28.30, but opened at $27.11. OneStream shares last traded at $26.67, with a volume of 558,569 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. BMO Capital Markets boosted their price objective on OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Raymond James Financial reiterated an "outperform" rating and issued a $29.00 target price (down from $32.00) on shares of OneStream in a report on Friday, May 9th. Stephens increased their price target on OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Truist Financial lowered their price objective on shares of OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $32.19.

OneStream Price Performance

The business has a 50-day moving average of $26.63 and a 200-day moving average of $25.59.

OneStream (NASDAQ:OS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. OneStream's quarterly revenue was up 23.6% compared to the same quarter last year. On average, analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Transactions at OneStream

In other news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $26.77, for a total transaction of $669,250.00. Following the completion of the sale, the chief financial officer owned 237,839 shares of the company's stock, valued at $6,366,950.03. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $28.28, for a total value of $565,600.00. Following the completion of the sale, the executive owned 1,003,163 shares in the company, valued at approximately $28,369,449.64. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,973 shares of company stock valued at $4,984,158. 12.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneStream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA increased its position in shares of OneStream by 0.3% during the first quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock worth $3,096,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System increased its holdings in OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock worth $250,000 after purchasing an additional 454 shares during the period. IFP Advisors Inc raised its position in OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after purchasing an additional 624 shares in the last quarter. Norden Group LLC raised its position in OneStream by 3.7% in the 1st quarter. Norden Group LLC now owns 21,906 shares of the company's stock valued at $467,000 after purchasing an additional 788 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of OneStream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after buying an additional 1,238 shares during the period.

OneStream Company Profile

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.