Azzad Asset Management Inc. ADV Acquires 26,223 Shares of OneStream, Inc. (NASDAQ:OS)

Azzad Asset Management Inc. ADV lifted its position in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 98.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 52,867 shares of the company's stock after buying an additional 26,223 shares during the period. Azzad Asset Management Inc. ADV's holdings in OneStream were worth $1,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in OneStream during the fourth quarter worth approximately $119,214,000. Champlain Investment Partners LLC purchased a new position in shares of OneStream in the 4th quarter valued at $98,076,000. JPMorgan Chase & Co. raised its stake in shares of OneStream by 5,118.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after acquiring an additional 1,566,276 shares during the period. Alliancebernstein L.P. raised its stake in shares of OneStream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after acquiring an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of OneStream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after acquiring an additional 1,268,733 shares during the period.

Insider Buying and Selling

In other news, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $177,256.17. Following the sale, the insider now owns 212,885 shares in the company, valued at $6,009,743.55. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Anthony Shea sold 9,913 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the sale, the chief executive officer now owns 496,854 shares in the company, valued at $14,026,188.42. This represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,973 shares of company stock worth $2,901,508 in the last ninety days. 12.77% of the stock is currently owned by corporate insiders.

OneStream Trading Up 0.8%

Shares of NASDAQ:OS traded up $0.22 during trading on Wednesday, reaching $28.62. The company had a trading volume of 450,549 shares, compared to its average volume of 1,182,324. The firm's fifty day moving average is $25.06 and its 200 day moving average is $25.82. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. OneStream's quarterly revenue was up 23.6% on a year-over-year basis. As a group, analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OS shares. Piper Sandler raised their target price on shares of OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Bank of America lifted their price target on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. William Blair started coverage on shares of OneStream in a research note on Tuesday, May 20th. They set an "outperform" rating on the stock. BNP Paribas started coverage on shares of OneStream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target on the stock. Finally, Mizuho lifted their price target on shares of OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.19.

OneStream Profile

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.