OneStream (NASDAQ:OS) Shares Up 6.2% After Analyst Upgrade

OneStream, Inc. (NASDAQ:OS) shot up 6.2% on Wednesday after BTIG Research upgraded the stock to a strong-buy rating. The stock traded as high as $18.79 and last traded at $18.7110. 361,388 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,574,612 shares. The stock had previously closed at $17.62.

OS has been the topic of several other research reports. Rosenblatt Securities initiated coverage on shares of OneStream in a report on Tuesday, December 2nd. They set a “buy” rating and a $26.00 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of OneStream in a research report on Friday, September 19th. BMO Capital Markets upped their target price on shares of OneStream from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a report on Wednesday, October 8th. Finally, Citigroup dropped their price objective on OneStream from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, OneStream currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.44.

Insider Activity at OneStream

In other OneStream news, CFO William A. Koefoed sold 9,571 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 206,127 shares in the company, valued at $3,654,631.71. This represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Ken Hohenstein sold 40,000 shares of OneStream stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $17.21, for a total transaction of $688,400.00. Following the sale, the executive owned 990,961 shares in the company, valued at approximately $17,054,438.81. The trade was a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,571 shares of company stock valued at $1,532,094 over the last three months. 12.77% of the stock is currently owned by insiders.

Institutional Trading of OneStream

A number of large investors have recently made changes to their positions in OS. Charles Schwab Investment Management Inc. lifted its holdings in OneStream by 14.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 293,216 shares of the company’s stock valued at $6,257,000 after buying an additional 38,078 shares in the last quarter. Swiss National Bank increased its holdings in OneStream by 3.8% during the 1st quarter. Swiss National Bank now owns 79,400 shares of the company’s stock worth $1,694,000 after purchasing an additional 2,900 shares during the period. American Century Companies Inc. raised its position in OneStream by 19.6% during the 1st quarter. American Century Companies Inc. now owns 1,307,613 shares of the company’s stock valued at $27,904,000 after purchasing an additional 214,103 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OneStream in the 1st quarter worth $5,689,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of OneStream by 136.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company’s stock worth $190,731,000 after buying an additional 5,152,719 shares during the period.

OneStream Stock Up 1.3%

The stock has a market capitalization of $4.49 billion, a P/E ratio of -38.37 and a beta of 1.97. The stock’s 50 day moving average price is $19.21 and its 200-day moving average price is $21.76.

OneStream (NASDAQ:OS) last posted its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. OneStream had a negative net margin of 14.50% and a positive return on equity of 9.65%. The company had revenue of $154.30 million during the quarter, compared to analysts’ expectations of $148.16 million. During the same quarter in the prior year, the company posted ($1.06) earnings per share. OneStream’s revenue for the quarter was up 19.5% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. Analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current year.

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.