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

OneStream, Inc. (NASDAQ:OS) has been assigned a consensus rating of “Hold” from the twenty-four analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.3810.

A number of equities analysts have recently issued reports on the stock. Capital One Financial set a $24.00 price objective on shares of OneStream in a research note on Wednesday, January 7th. BMO Capital Markets lowered shares of OneStream from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $25.00 to $24.00 in a research report on Wednesday, January 7th. Mizuho restated a “neutral” rating and set a $24.00 price target (down previously from $25.00) on shares of OneStream in a research note on Wednesday, January 7th. Rosenblatt Securities lowered OneStream from a “buy” rating to a “hold” rating and lowered their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, January 7th. Finally, William Blair downgraded OneStream from an “outperform” rating to a “hold” rating in a research report on Tuesday, January 6th.

OneStream Price Performance

Shares of OS stock opened at $23.60 on Friday. OneStream has a one year low of $16.51 and a one year high of $29.66. The stock has a fifty day moving average price of $21.80 and a 200 day moving average price of $20.39. The stock has a market cap of $5.75 billion, a P/E ratio of -49.17 and a beta of 2.05.

Insider Buying and Selling at OneStream

In other news, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Ken Hohenstein sold 120,000 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $23.63, for a total transaction of $2,835,600.00. Following the sale, the executive owned 990,961 shares of the company’s stock, valued at $23,416,408.43. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 236,076 shares of company stock valued at $5,254,682. 12.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EFG Asset Management North America Corp. bought a new position in OneStream in the second quarter valued at approximately $1,408,000. Fortress Investment Group LLC raised its position in shares of OneStream by 1,888.5% during the 2nd quarter. Fortress Investment Group LLC now owns 198,846 shares of the company’s stock valued at $5,627,000 after acquiring an additional 188,846 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of OneStream in the 3rd quarter valued at $6,392,000. Handelsbanken Fonder AB bought a new position in shares of OneStream in the 2nd quarter worth $464,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of OneStream during the third quarter worth $4,526,000.

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.