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

Shares of OneStream, Inc. (NASDAQ:OS) have received a consensus rating of “Hold” from the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.3810.

OS has been the subject of a number of research reports. BTIG Research started coverage on OneStream in a research report on Tuesday, December 16th. They set a “buy” rating and a $25.00 price target for the company. UBS Group set a $24.00 price objective on OneStream in a research note on Friday, January 16th. Rosenblatt Securities downgraded shares of OneStream from a “buy” rating to a “hold” rating and dropped their target price for the stock from $26.00 to $24.00 in a research report on Wednesday, January 7th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $24.00 price target (up from $23.00) on shares of OneStream in a report on Friday, January 16th. Finally, Robert W. Baird set a $24.00 price objective on shares of OneStream in a research note on Tuesday, January 6th.

OneStream Stock Performance

OneStream stock opened at $23.48 on Friday. OneStream has a 1 year low of $16.51 and a 1 year high of $29.66. The firm has a 50 day moving average price of $22.16 and a 200 day moving average price of $20.38. The company has a market cap of $5.72 billion, a price-to-earnings ratio of -48.92 and a beta of 2.03.

Insider Activity at OneStream

In related news, CFO William A. Koefoed sold 9,571 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $17.73, for a total transaction of $169,693.83. Following the completion of the sale, the chief financial officer directly owned 206,127 shares of the company’s stock, valued at approximately $3,654,631.71. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $23.58, for a total value of $153,387.90. Following the sale, the chief accounting officer owned 58,847 shares in the company, valued at approximately $1,387,612.26. The trade was a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 236,076 shares of company stock worth $5,254,682. 12.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneStream

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of OneStream in the 2nd quarter worth about $179,524,000. Fuller & Thaler Asset Management Inc. bought a new stake in OneStream in the fourth quarter valued at $47,648,000. Marshall Wace LLP lifted its position in OneStream by 9,577.4% in the 2nd quarter. Marshall Wace LLP now owns 1,989,102 shares of the company’s stock valued at $56,292,000 after purchasing an additional 1,968,548 shares during the last quarter. Temasek Holdings Private Ltd raised its holdings in shares of OneStream by 44.3% during the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after buying an additional 1,310,354 shares during the last quarter. Finally, Wasatch Advisors LP acquired a new position in OneStream during the 2nd quarter worth $35,882,000.

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.