TimesSquare Capital Management LLC Acquires 122,759 Shares of OneStream, Inc. $OS

TimesSquare Capital Management LLC increased its holdings in OneStream, Inc. (NASDAQ:OS) by 4.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,668,307 shares of the company’s stock after buying an additional 122,759 shares during the period. TimesSquare Capital Management LLC’s holdings in OneStream were worth $49,043,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of OneStream in the third quarter worth about $27,000. Rhumbline Advisers bought a new stake in shares of OneStream in the first quarter worth about $35,000. State of Tennessee Department of Treasury bought a new stake in shares of OneStream in the second quarter worth about $212,000. Vident Advisory LLC bought a new stake in shares of OneStream in the second quarter worth about $222,000. Finally, Baird Financial Group Inc. bought a new stake in shares of OneStream in the second quarter worth about $243,000.

OneStream Stock Performance

OneStream stock opened at $24.00 on Tuesday. The stock’s 50 day simple moving average is $23.91 and its two-hundred day simple moving average is $22.27. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. OneStream, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $29.66.

OneStream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to analysts’ expectations of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The business’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. On average, analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling at OneStream

In other OneStream news, President Scott Leshinski sold 7,412 shares of OneStream stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total transaction of $175,516.16. Following the sale, the president directly owned 278,458 shares of the company’s stock, valued at approximately $6,593,885.44. The trade was a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Pamela Mcintyre sold 2,015 shares of OneStream 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 $47,715.20. Following the sale, the chief accounting officer directly owned 55,800 shares in the company, valued at approximately $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 68,631 shares of company stock valued at $1,619,662. 12.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OS has been the topic of several recent analyst reports. BTIG Research cut OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Piper Sandler set a $24.00 target price on OneStream in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. Seventeen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, OneStream has a consensus rating of “Reduce” and a consensus price target of $24.24.

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.