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

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

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of OneStream in the 4th quarter worth approximately $119,214,000. Champlain Investment Partners LLC acquired a new stake in OneStream in the 4th quarter valued at about $98,076,000. JPMorgan Chase & Co. raised its stake in shares of OneStream by 5,118.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after acquiring an additional 1,566,276 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of OneStream by 122.6% during the fourth 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 during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of OneStream by 51.2% in the fourth 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.

Analyst Ratings Changes

A number of brokerages have commented on OS. Morgan Stanley decreased their price objective on OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho upped their price target on OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group lowered their price objective on OneStream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Truist Financial lowered their price target on shares of OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Raymond James Financial restated an "outperform" rating and issued a $29.00 price objective (down from $32.00) on shares of OneStream in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, OneStream presently has a consensus rating of "Moderate Buy" and an average price target of $32.19.

Insiders Place Their Bets

In related news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Craig Colby sold 6,279 shares of the company'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 disclosure for this sale can be found here. In the last ninety days, insiders sold 163,973 shares of company stock worth $4,314,908. Company insiders own 12.77% of the company's stock.

OneStream Stock Performance

Shares of NASDAQ OS traded up $0.04 during trading hours on Friday, hitting $27.69. 1,321,961 shares of the stock were exchanged, compared to its average volume of 1,204,127. The company's fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $25.68. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39.

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

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.