Bank of New York Mellon Corp Sells 200,032 Shares of OneStream, Inc. $OS

Key Points

• Bank of New York Mellon cut its OneStream stake by 88.4% in the first quarter, selling 200,032 shares and retaining 26,216 shares valued at approximately $629,000.
• Other institutional investors largely increased their exposure, including Marshall Wace, TimesSquare Capital Management, and AllianceBernstein; Norges Bank and Fuller & Thaler also initiated new positions.
• OneStream shares opened at $24.00, giving the company a market capitalization of about $5.9 billion. The stock has traded between $16.51 and $29.66 over the past year, while the company provides cloud-based corporate performance management software.

Bank of New York Mellon Corp reduced its holdings in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 88.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,216 shares of the company's stock after selling 200,032 shares during the period. Bank of New York Mellon Corp's holdings in OneStream were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in OneStream during the fourth quarter valued at approximately $109,803,000. Marshall Wace LLP grew its position in OneStream by 12.3% in the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company's stock valued at $51,210,000 after acquiring an additional 304,238 shares during the period. TimesSquare Capital Management LLC grew its position in OneStream by 4.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company's stock valued at $49,043,000 after acquiring an additional 122,759 shares during the period. Alliancebernstein L.P. raised its stake in OneStream by 13.4% during the third quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company's stock worth $49,018,000 after acquiring an additional 314,278 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in OneStream during the fourth quarter worth $47,648,000.

OneStream Stock Performance

OS opened at $24.00 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. The firm's 50-day simple moving average is $24.00 and its 200-day simple moving average is $23.88. OneStream, Inc. has a twelve month low of $16.51 and a twelve month high of $29.66.

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.

Want to see what other hedge funds are holding OS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneStream, Inc. (NASDAQ:OS - Free Report).

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