OneStream, Inc. (NASDAQ:OS) Sees Significant Increase in Short Interest

OneStream, Inc. (NASDAQ:OS) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 8,488,993 shares, an increase of 146.1% from the January 29th total of 3,449,347 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average daily volume of 7,710,799 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 7,710,799 shares, the short-interest ratio is currently 1.1 days. Approximately 4.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

OS has been the topic of a number of research analyst reports. Rosenblatt Securities cut shares of OneStream from a “buy” rating to a “hold” rating and cut their price objective for the stock from $26.00 to $24.00 in a report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. William Blair downgraded shares of OneStream from an “outperform” rating to a “hold” rating in a research note on Tuesday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 target price (down from $27.00) on shares of OneStream in a research report on Wednesday, January 7th. Finally, Wolfe Research cut OneStream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.38.

OneStream Stock Up 0.1%

Shares of OS stock opened at $23.60 on Friday. OneStream has a 52-week low of $16.51 and a 52-week high of $29.66. The stock’s 50-day moving average price is $22.38 and its 200 day moving average price is $20.42. The stock has a market capitalization of $5.75 billion, a PE ratio of -49.17 and a beta of 2.05.

OneStream (NASDAQ:OS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. The business 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%.The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts expect that OneStream will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 9,571 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $17.73, for a total value of $169,693.83. Following the transaction, the chief financial officer owned 206,127 shares of the company’s stock, valued at $3,654,631.71. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Pamela Mcintyre sold 6,505 shares of OneStream stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $23.58, for a total value of $153,387.90. Following the sale, the chief accounting officer directly owned 58,847 shares of the company’s stock, valued at $1,387,612.26. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 236,076 shares of company stock worth $5,254,682. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in OneStream during the third quarter worth $27,000. Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter valued at about $35,000. Advisors Asset Management Inc. lifted its stake in shares of 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. grew its position in OneStream by 44.9% during the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after buying an additional 499 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in OneStream by 1,795.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after buying an additional 2,532 shares in 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.