OneStream, Inc. (NASDAQ:OS) Receives $25.38 Consensus Target Price from Analysts

Shares of OneStream, Inc. (NASDAQ:OS) have received an average recommendation of “Hold” from the twenty-four brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.3810.

A number of research firms have recently issued reports on OS. Piper Sandler set a $24.00 target price on OneStream in a report on Monday, February 2nd. Needham & Company LLC downgraded OneStream from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. TD Cowen lowered OneStream from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $27.00 to $24.00 in a research report on Wednesday, January 7th. Loop Capital cut OneStream from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $24.00 in a research note on Wednesday, January 7th. Finally, BNP Paribas Exane lowered shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Thursday, January 15th.

OneStream Stock Performance

Shares of NASDAQ:OS opened at $23.49 on Friday. The firm has a 50 day simple moving average of $21.91 and a 200 day simple moving average of $20.35. OneStream has a 52 week low of $16.51 and a 52 week high of $29.66. The company has a market cap of $5.73 billion, a PE ratio of -48.94 and a beta of 2.03.

Insider Buying and Selling at OneStream

In other OneStream news, CFO William A. Koefoed sold 9,571 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $17.73, for a total value of $169,693.83. Following the completion of the sale, the chief financial officer owned 206,127 shares in the company, valued at $3,654,631.71. This represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $153,387.90. Following the transaction, the chief accounting officer owned 58,847 shares in the company, valued at approximately $1,387,612.26. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 236,076 shares of company stock worth $5,254,682. 12.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in OneStream by 10.1% in the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock worth $158,606,000 after purchasing an additional 786,408 shares in the last quarter. Norges Bank acquired a new position in shares of OneStream during the 2nd quarter valued at about $179,524,000. Temasek Holdings Private Ltd lifted its holdings in OneStream by 44.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock worth $78,636,000 after purchasing an additional 1,310,354 shares during the last quarter. Marshall Wace LLP boosted its position in OneStream by 12.3% during the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company’s stock worth $51,210,000 after purchasing an additional 304,238 shares during the period. Finally, TimesSquare Capital Management LLC grew its holdings in OneStream by 4.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company’s stock valued at $49,043,000 after purchasing an additional 122,759 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.