Capricorn Fund Managers Ltd Buys New Position in OneStream, Inc. $OS

Capricorn Fund Managers Ltd bought a new stake in shares of OneStream, Inc. (NASDAQ:OS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 380,000 shares of the company’s stock, valued at approximately $6,984,000. OneStream accounts for approximately 1.7% of Capricorn Fund Managers Ltd’s holdings, making the stock its 18th largest position. Capricorn Fund Managers Ltd owned approximately 0.16% of OneStream as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of OneStream by 588.4% in the first quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after acquiring an additional 54,505 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in OneStream by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock worth $23,530,000 after purchasing an additional 371,520 shares during the period. Rhumbline Advisers bought a new position in OneStream during the 1st quarter valued at $35,000. Cetera Investment Advisers acquired a new position in shares of OneStream during the 2nd quarter valued at $343,000. Finally, Legal & General Group Plc increased its position in shares of OneStream by 80.9% during the 2nd quarter. Legal & General Group Plc now owns 64,201 shares of the company’s stock valued at $1,817,000 after purchasing an additional 28,703 shares during the period.

OneStream Stock Performance

NASDAQ OS opened at $24.00 on Monday. The firm’s 50 day moving average price is $23.66 and its two-hundred day moving average price is $21.15. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. OneStream, Inc. has a twelve month low of $16.51 and a twelve month high of $29.66.

OneStream (NASDAQ:OS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to the consensus estimate of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.OneStream’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, research analysts forecast that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling at OneStream

In other news, President Scott Leshinski sold 7,412 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $175,516.16. Following the transaction, the president owned 278,458 shares in the company, valued at $6,593,885.44. This represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Ken Hohenstein sold 120,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $23,416,408.43. This represents a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 255,136 shares of company stock valued at $6,016,250 in the last 90 days. 12.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BTIG Research cut OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. BMO Capital Markets cut 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. TD Cowen downgraded shares of OneStream from a “buy” rating to a “hold” rating and cut their price target for the company from $27.00 to $24.00 in a report on Wednesday, January 7th. Raymond James Financial lowered shares of OneStream from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 8th. Finally, Robert W. Baird set a $24.00 price objective on shares of OneStream in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, OneStream presently has an average rating of “Hold” and an average price target of $25.10.

OneStream 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.