OneStream (NASDAQ:OS) Shares Gap Down – Here’s What Happened

OneStream, Inc. (NASDAQ:OS) shares gapped down prior to trading on Wednesday . The stock had previously closed at $20.70, but opened at $19.96. OneStream shares last traded at $19.5150, with a volume of 221,147 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on OS shares. Piper Sandler decreased their price objective on shares of OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Mizuho lowered their price target on OneStream from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. BMO Capital Markets raised their price objective on OneStream from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Citigroup reduced their target price on OneStream from $27.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, Rosenblatt Securities began coverage on OneStream in a research report on Tuesday. They set a “buy” rating and a $26.00 target price on the stock. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.65.

OneStream Price Performance

The business’s fifty day moving average price is $19.38 and its 200 day moving average price is $22.53. The stock has a market cap of $4.76 billion, a P/E ratio of -40.42 and a beta of 1.97.

OneStream (NASDAQ:OS) last released its quarterly earnings data 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. OneStream had a negative net margin of 14.50% and a positive return on equity of 9.65%. The business had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $148.16 million. During the same period in the prior year, the company earned ($1.06) EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. On average, analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at OneStream

In other OneStream news, Director John Kinzer sold 30,000 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.00, for a total value of $600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Ken Hohenstein sold 40,000 shares of OneStream stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $16.85, for a total value of $674,000.00. Following the sale, the executive directly owned 997,062 shares in the company, valued at $16,800,494.70. The trade was a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,943 shares of company stock valued at $2,191,785 in the last 90 days. 12.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneStream

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of OneStream during the third quarter valued at $27,000. Rhumbline Advisers acquired a new stake in OneStream in the first quarter valued at $35,000. Advisors Asset Management Inc. increased its holdings in OneStream by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. raised its position in OneStream by 44.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after purchasing an additional 499 shares during the last quarter. Finally, KBC Group NV acquired a new position in OneStream during the 2nd quarter worth about $58,000.

About OneStream

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.