50,479 Shares in OneStream, Inc. $OS Bought by Clearline Capital LP

Clearline Capital LP bought a new stake in shares of OneStream, Inc. (NASDAQ:OS) in the 3rd quarter, HoldingsChannel reports. The fund bought 50,479 shares of the company’s stock, valued at approximately $930,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new stake in OneStream in the first quarter worth about $35,000. Advisors Asset Management Inc. increased its position in OneStream by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock worth $41,000 after buying an additional 585 shares during the last quarter. KBC Group NV purchased a new position in shares of OneStream during the 2nd quarter valued at $58,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in OneStream in the 3rd quarter worth about $144,000. Finally, Wallace Advisory Group LLC bought a new stake in OneStream in the 3rd quarter valued at about $146,000.

Insider Activity at OneStream

In other news, CRO Ken Hohenstein sold 60,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the completion of the sale, the executive owned 990,961 shares of the company’s stock, valued at $23,247,945.06. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Scott Leshinski sold 7,412 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $175,516.16. Following the completion of the sale, the president owned 278,458 shares of the company’s stock, valued at $6,593,885.44. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 245,503 shares of company stock valued at $5,477,913 in the last quarter. 12.77% of the stock is currently owned by corporate insiders.

OneStream Trading Down 0.1%

OS stock opened at $23.57 on Friday. The stock’s 50 day simple moving average is $23.49 and its 200 day simple moving average is $20.70. OneStream, Inc. 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 -84.18 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. The company 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%.OneStream’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, research analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. BTIG Research cut shares of OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Robert W. Baird set a $24.00 price objective on OneStream in a report on Tuesday, January 6th. Raymond James Financial downgraded OneStream from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 8th. Capital One Financial set a $24.00 target price on shares of OneStream in a research report on Wednesday, January 7th. Finally, UBS Group set a $24.00 price objective on shares of OneStream in a research note on Friday, January 16th. Four 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 company’s stock. According to MarketBeat, OneStream currently has an average rating of “Hold” and an average target price of $25.38.

OneStream 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.