Bessemer Group Inc. Purchases 10,883 Shares of OneStream, Inc. (NASDAQ:OS)

Bessemer Group Inc. lifted its position in OneStream, Inc. (NASDAQ:OS - Free Report) by 20.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,893 shares of the company's stock after acquiring an additional 10,883 shares during the quarter. Bessemer Group Inc.'s holdings in OneStream were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OS. Norges Bank bought a new stake in OneStream during the 4th quarter valued at about $119,214,000. Champlain Investment Partners LLC bought a new stake in shares of OneStream in the 4th quarter valued at about $98,076,000. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its holdings 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 purchasing an additional 1,357,860 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,268,733 shares in the last quarter.

OneStream Stock Up 0.1%

OS stock opened at $27.69 on Monday. The firm's fifty day simple moving average is $26.31 and its 200-day simple moving average is $25.59. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

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

Wall Street Analyst Weigh In

OS has been the subject of several recent research reports. Piper Sandler boosted their price target on shares of OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 16th. BMO Capital Markets lifted their price objective on shares of OneStream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group cut their price objective on shares of OneStream from $36.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Mizuho lifted their price objective on shares of OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $29.00 price objective (down previously from $32.00) on shares of OneStream in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.19.

Insider Activity at OneStream

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total transaction of $719,000.00. Following the completion of the transaction, the chief financial officer now directly owns 253,694 shares in the company, valued at approximately $7,296,239.44. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Craig Colby sold 6,279 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,256.17. Following the transaction, the insider now owns 212,885 shares of the company's stock, valued at $6,009,743.55. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,973 shares of company stock worth $4,984,158 in the last three months. Company insiders own 12.77% of the company's stock.

About OneStream

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.

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