OneStream (NASDAQ:OS) Upgraded at Piper Sandler

Piper Sandler upgraded shares of OneStream (NASDAQ:OS) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

OS has been the topic of a number of other research reports. Needham & Company LLC lowered OneStream from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Truist Financial set a $24.00 price objective on shares of OneStream in a research report on Tuesday, January 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $24.00 price objective (up from $23.00) on shares of OneStream in a report on Friday, January 16th. Guggenheim cut shares of OneStream from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Finally, BMO Capital Markets downgraded shares of OneStream from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $25.00 to $24.00 in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OneStream presently has a consensus rating of “Hold” and an average price target of $26.35.

OneStream Stock Down 0.1%

Shares of OneStream stock opened at $23.33 on Monday. The firm has a market cap of $5.69 billion, a PE ratio of -48.60 and a beta of 2.05. OneStream has a twelve month low of $16.51 and a twelve month high of $30.32. The business has a 50-day moving average price of $20.85 and a 200 day moving average price of $20.46.

OneStream (NASDAQ:OS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $154.30 million for the quarter, compared to the consensus estimate of $148.16 million. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.OneStream’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.06) earnings per share. On average, sell-side analysts expect that OneStream will post 0.05 EPS for the current year.

Insider Buying and Selling

In other OneStream news, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total value of $153,387.90. Following the completion of the sale, the chief accounting officer owned 58,847 shares of the company’s stock, valued at approximately $1,387,612.26. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Ken Hohenstein sold 120,000 shares of the business’s stock in a transaction 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 in the company, valued at $23,416,408.43. The trade was a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 176,076 shares of company stock valued at $3,847,082 over the last quarter. Company insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On OneStream

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

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.