OneStream (NASDAQ:OS) Sees Large Volume Increase – Still a Buy?

Shares of OneStream, Inc. (NASDAQ:OS) saw unusually-strong trading volume on Friday . Approximately 4,754,410 shares were traded during trading, an increase of 7% from the previous session’s volume of 4,428,077 shares.The stock last traded at $23.9850 and had previously closed at $23.83.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler set a $24.00 target price on shares of OneStream in a report on Monday, February 2nd. Truist Financial set a $24.00 price objective on OneStream in a research report on Tuesday, January 6th. Loop Capital downgraded OneStream from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $24.00 in a research note on Wednesday, January 7th. Citigroup lowered OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Finally, Raymond James Financial downgraded OneStream from an “outperform” rating to a “market perform” rating in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, OneStream presently has a consensus rating of “Hold” and a consensus price target of $25.38.

OneStream Price Performance

The company has a fifty day moving average price of $23.61 and a 200 day moving average price of $20.93. The stock has a market cap of $5.90 billion, a P/E ratio of -85.66 and a beta of 1.99.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The company had revenue of $163.73 million for the quarter, compared to analysts’ expectations of $157.28 million. During the same period last year, the business earned $0.07 EPS. OneStream’s quarterly revenue was up 23.6% compared to the same quarter last year. As a group, sell-side analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at OneStream

In other news, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $23.58, for a total transaction of $153,387.90. Following the completion of the sale, the chief accounting officer directly owned 58,847 shares of the company’s stock, valued at $1,387,612.26. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Ken Hohenstein sold 120,000 shares of the company’s 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 completion of the sale, the executive owned 990,961 shares in the company, valued at $23,416,408.43. This represents a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 255,136 shares of company stock valued at $6,016,250. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in shares of OneStream in the fourth quarter worth approximately $737,000. Alberta Investment Management Corp bought a new stake in OneStream during the fourth quarter worth $1,369,000. Fuller & Thaler Asset Management Inc. bought a new stake in OneStream during the fourth quarter worth $47,648,000. Wellington Management Group LLP raised its position in OneStream by 6.4% in the 4th quarter. Wellington Management Group LLP now owns 1,342,754 shares of the company’s stock valued at $24,680,000 after buying an additional 81,202 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in OneStream by 294.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 177,462 shares of the company’s stock valued at $3,262,000 after buying an additional 132,494 shares during 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.