OneStream (NASDAQ:OS) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

OneStream (NASDAQ:OS) posted its quarterly earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $157.28 million.

OneStream Stock Performance

NASDAQ:OS traded up $0.02 during midday trading on Thursday, reaching $23.60. 1,666,199 shares of the stock traded hands, compared to its average volume of 5,759,693. The business has a 50-day moving average of $22.27 and a two-hundred day moving average of $20.40. OneStream has a 12-month low of $16.51 and a 12-month high of $29.66. The stock has a market capitalization of $5.75 billion, a PE ratio of -49.17 and a beta of 2.05.

Wall Street Analysts Forecast Growth

OS has been the topic of several analyst reports. Wedbush lowered shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a report on Thursday, January 22nd. Mizuho reiterated a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of OneStream in a research note on Wednesday, January 7th. Guggenheim cut OneStream from a “buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $24.00 price target (up from $23.00) on shares of OneStream in a report on Friday, January 16th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.38.

Insider Buying and Selling

In other OneStream news, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total transaction of $153,387.90. Following the completion of the sale, the chief accounting officer directly owned 58,847 shares in the company, valued at approximately $1,387,612.26. The trade was a 9.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William A. Koefoed sold 9,571 shares of the stock in a transaction on Monday, December 15th. The shares were 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 of the company’s stock, valued at approximately $3,654,631.71. This represents a 4.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 236,076 shares of company stock worth $5,254,682 in the last 90 days. Insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of OneStream by 588.4% during the 1st quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after acquiring an additional 54,505 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of OneStream by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock worth $23,530,000 after buying an additional 371,520 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter worth $35,000. Cetera Investment Advisers acquired a new position in OneStream in the second quarter valued at $343,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in OneStream during the second quarter worth about $370,000.

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.