OneStream (NASDAQ:OS) Sees Large Volume Increase – Here’s Why

OneStream, Inc. (NASDAQ:OS) saw unusually-high trading volume on Friday . Approximately 4,754,410 shares were traded during mid-day 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

OS has been the topic of a number of research analyst reports. Rosenblatt Securities downgraded OneStream from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $24.00 in a research report on Wednesday, January 7th. Robert W. Baird set a $24.00 price target on OneStream in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. Guggenheim lowered shares of OneStream from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Finally, Mizuho reissued a “neutral” rating and issued a $24.00 price objective (down from $25.00) on shares of OneStream in a research note on Wednesday, January 7th. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.10.

OneStream Trading Up 0.6%

The business has a 50 day moving average of $23.62 and a 200-day moving average of $20.96. The stock has a market cap of $5.90 billion, a PE ratio of -85.64 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $157.28 million. During the same quarter last year, the business posted $0.07 earnings per share. OneStream’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Activity at OneStream

In related news, CAO Pamela Mcintyre sold 2,015 shares of OneStream stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total transaction of $47,715.20. Following the completion of the sale, the chief accounting officer owned 55,800 shares in the company, valued at approximately $1,321,344. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Ken Hohenstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $23.62, for a total transaction of $236,200.00. Following the completion of the transaction, the executive directly owned 985,571 shares of the company’s stock, valued at $23,279,187.02. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 255,136 shares of company stock valued at $6,016,250 over the last quarter. Insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On OneStream

A number of institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in OneStream during the third quarter worth approximately $27,000. Rhumbline Advisers acquired a new position in OneStream in the 1st quarter valued at $35,000. Advisors Asset Management Inc. raised its holdings in OneStream by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after acquiring an additional 585 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of OneStream by 1,795.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock worth $49,000 after purchasing an additional 2,532 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of OneStream during the 4th quarter worth $66,000.

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.