Blue Trust Inc. Raises Stake in OneStream, Inc. (NASDAQ:OS)

Blue Trust Inc. increased its stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 4,980.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,160 shares of the company's stock after purchasing an additional 9,960 shares during the period. Blue Trust Inc.'s holdings in OneStream were worth $217,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of OneStream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after acquiring an additional 1,238 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of OneStream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock valued at $254,000 after purchasing an additional 1,500 shares during the last quarter. Woodline Partners LP increased its position in shares of OneStream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company's stock valued at $3,819,000 after purchasing an additional 1,515 shares during the last quarter. Rhumbline Advisers bought a new position in shares of OneStream during the 1st quarter valued at about $35,000. Finally, First Trust Advisors LP increased its position in shares of OneStream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after purchasing an additional 1,731 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.76, for a total value of $719,000.00. Following the sale, the chief financial officer now directly owns 253,694 shares in the company, valued at approximately $7,296,239.44. The trade was a 8.97% 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, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the sale, the insider now owns 212,885 shares in the company, 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 133,973 shares of company stock worth $3,467,108 over the last quarter. 12.77% of the stock is currently owned by corporate insiders.

OneStream Trading Down 4.1%

NASDAQ OS opened at $26.64 on Tuesday. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39. The stock has a 50-day moving average of $25.71 and a 200 day moving average of $25.69.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OS. William Blair began coverage on OneStream in a research report on Tuesday, May 20th. They set an "outperform" rating on the stock. Truist Financial reduced their price target on OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Raymond James Financial restated an "outperform" rating and set a $29.00 price target (down from $32.00) on shares of OneStream in a research report on Friday, May 9th. Mizuho raised their price target on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley reduced their price target on OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, OneStream has an average rating of "Moderate Buy" and a consensus price target of $32.19.

OneStream Company 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.