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

TimesSquare Capital Management LLC boosted its holdings in shares of OneStream, Inc. (NASDAQ:OS) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 owned approximately 1.09% of OneStream worth $49,043,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OS. Advisory Services Network LLC purchased a new stake in OneStream during the third quarter valued at about $27,000. Rhumbline Advisers purchased a new stake in OneStream during the first quarter valued at about $35,000. CWM LLC purchased a new stake in OneStream during the fourth quarter valued at about $181,000. Magnetar Financial LLC raised its position in OneStream by 12.6% during the third quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock valued at $201,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in OneStream during the third quarter valued at about $203,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OS shares. BTIG Research downgraded OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings restated a “sell (e+)” rating on shares of OneStream in a research report on Thursday, January 22nd. Finally, Piper Sandler set a $24.00 price target on OneStream in a research report on Monday, February 2nd. Seventeen equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.24.

OneStream Stock Performance

OS opened at $24.00 on Tuesday. The company has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99. The business’s 50-day moving average price is $23.91 and its 200-day moving average price is $22.27. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66.

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

Insider Transactions at OneStream

In other news, CAO Pamela Mcintyre sold 2,015 shares of OneStream stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $47,715.20. Following the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Scott Leshinski sold 7,412 shares of OneStream stock in a transaction dated 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 transaction, the president owned 278,458 shares in the company, valued at approximately $6,593,885.44. This represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 68,631 shares of company stock worth $1,619,662. Company insiders own 12.77% of the company’s stock.

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.