OneStream (NASDAQ:OS) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

OneStream (NASDAQ:OS) released its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07, FiscalAI reports. The firm had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.

OneStream Stock Performance

NASDAQ OS traded up $0.02 during trading hours on Thursday, hitting $23.60. 1,666,199 shares of the company traded hands, compared to its average volume of 5,759,693. The business’s 50-day moving average is $22.27 and its 200-day moving average is $20.40. OneStream has a twelve month low of $16.51 and a twelve month high of $29.66. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -49.17 and a beta of 2.05.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OS shares. Wedbush cut OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 6th. Loop Capital lowered OneStream from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $24.00 in a research report on Wednesday, January 7th. Guggenheim lowered shares of OneStream from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Wolfe Research cut OneStream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Finally, BMO Capital Markets cut OneStream from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $25.00 to $24.00 in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, OneStream currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 9,571 shares of the firm’s 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 transaction, the chief financial officer owned 206,127 shares in the company, valued at $3,654,631.71. This trade represents a 4.44% decrease in their position. The sale 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 company’s stock in a transaction that occurred on Thursday, January 8th. The shares were 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 in the company, valued at $1,387,612.26. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 236,076 shares of company stock valued at $5,254,682. Company insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

Several hedge funds have recently bought and sold shares of OS. Marshall Wace LLP raised its position in OneStream by 12.3% in the 4th 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. Alliancebernstein L.P. lifted its stake in shares of OneStream by 13.4% in the third quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company’s stock worth $49,018,000 after buying an additional 314,278 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in OneStream in the 4th quarter worth about $47,648,000. Wellington Management Group LLP raised its holdings in shares of OneStream by 6.4% during the fourth quarter. Wellington Management Group LLP now owns 1,342,754 shares of the company’s stock valued at $24,680,000 after purchasing an additional 81,202 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in OneStream by 3.2% in the fourth quarter. Wasatch Advisors LP now owns 1,334,873 shares of the company’s stock worth $24,535,000 after purchasing an additional 41,621 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.