OneStream (NASDAQ:OS) Issues Quarterly Earnings Results

OneStream (NASDAQ:OS) posted its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07, FiscalAI reports. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.The business had revenue of $163.73 million during the quarter, compared to the consensus estimate of $157.28 million. During the same period in the prior year, the business posted $0.07 earnings per share. OneStream’s quarterly revenue was up 23.6% on a year-over-year basis.

OneStream Trading Up 0.1%

Shares of OS stock traded up $0.02 during trading hours on Thursday, reaching $23.60. The company’s stock had a trading volume of 1,666,199 shares, compared to its average volume of 4,997,962. The stock has a market capitalization of $5.75 billion, a P/E ratio of -49.17 and a beta of 2.05. The firm’s fifty day simple moving average is $22.38 and its 200 day simple moving average is $20.42. OneStream has a one year low of $16.51 and a one year high of $29.66.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OS shares. William Blair cut OneStream from an “outperform” rating to a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price target (down from $27.00) on shares of OneStream in a research report on Wednesday, January 7th. Mizuho reissued a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of OneStream in a report on Wednesday, January 7th. Wedbush cut shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price on the stock. in a research note on Tuesday, January 6th. Finally, Needham & Company LLC lowered OneStream from a “buy” rating to a “hold” rating in a 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 assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OneStream has a consensus rating of “Hold” and an average price target of $25.38.

Insiders Place Their Bets

In related news, CRO Ken Hohenstein sold 120,000 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $23.63, for a total value of $2,835,600.00. Following the sale, the executive directly owned 990,961 shares of the company’s stock, valued at $23,416,408.43. This represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total value of $153,387.90. Following the completion of the transaction, the chief accounting officer owned 58,847 shares of the company’s stock, valued at $1,387,612.26. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 236,076 shares of company stock worth $5,254,682. Company insiders own 12.77% of the company’s stock.

Institutional Trading of OneStream

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP increased its holdings in shares of OneStream by 12.3% in the fourth 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 last quarter. Alliancebernstein L.P. grew its stake in 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 purchasing an additional 314,278 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in OneStream during the 4th quarter worth $47,648,000. Wellington Management Group LLP raised its position in OneStream by 6.4% during the 4th 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 in the last quarter. Finally, Wasatch Advisors LP raised its position in OneStream by 3.2% during the 4th quarter. Wasatch Advisors LP now owns 1,334,873 shares of the company’s stock valued at $24,535,000 after purchasing an additional 41,621 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.