OneStream (NASDAQ:OS) President Sells $175,516.16 in Stock

OneStream, Inc. (NASDAQ:OS) President Scott Leshinski sold 7,412 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total value of $175,516.16. Following the completion of the sale, the president directly owned 278,458 shares of the company’s stock, valued at approximately $6,593,885.44. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

OneStream Price Performance

OneStream stock traded down $0.05 during trading on Thursday, reaching $23.60. 2,476,111 shares of the company were exchanged, compared to its average volume of 5,118,832. The stock’s 50 day simple moving average is $23.26 and its two-hundred day simple moving average is $20.65. The company has a market capitalization of $5.75 billion, a P/E ratio of -84.28 and a beta of 1.99. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $157.28 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. As a group, equities analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on OS. Rosenblatt Securities lowered shares of OneStream from a “buy” rating to a “hold” rating and reduced their price target for the company from $26.00 to $24.00 in a research report on Wednesday, January 7th. Raymond James Financial cut OneStream from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 8th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 target price (down from $27.00) on shares of OneStream in a research report on Wednesday, January 7th. BTIG Research lowered OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Capital One Financial set a $24.00 price target on OneStream in a research note on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.38.

Hedge Funds Weigh In On OneStream

A number of hedge funds have recently made changes to their positions in OS. Advisors Asset Management Inc. increased 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 purchasing an additional 585 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in OneStream by 0.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 206,284 shares of the company’s stock worth $3,792,000 after purchasing an additional 759 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of OneStream by 8.8% during the second quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the company’s stock worth $332,000 after buying an additional 954 shares during the period. Magnetar Financial LLC boosted its position in shares of OneStream by 12.6% during the third quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock worth $201,000 after buying an additional 1,220 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of OneStream by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,007 shares of the company’s stock valued at $239,000 after buying an additional 1,444 shares in the last quarter.

About OneStream

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.