OneStream, Inc. (NASDAQ:OS) Shares Sold by Burkehill Global Management LP

Key Points

• Burkehill Global Management LP has reduced its stake in OneStream, Inc. by 25%, now holding 600,000 shares valued at approximately $12.80 million.
• OneStream's stock recently opened at $20.12, experiencing a 9.5% decline, and has a market cap of $4.80 billion.
• Analysts maintain a predominantly positive outlook for OneStream, with an average price target of $30.81 and a consensus rating of "Moderate Buy".

Burkehill Global Management LP reduced its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 25.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company's stock after selling 200,000 shares during the quarter. OneStream comprises approximately 1.0% of Burkehill Global Management LP's holdings, making the stock its 28th largest position. Burkehill Global Management LP owned 0.25% of OneStream worth $12,804,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OS. Rhumbline Advisers purchased a new stake in OneStream during the 1st quarter valued at $35,000. IFP Advisors Inc increased its stake in shares of OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of OneStream in the 4th quarter worth $238,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of OneStream in the 4th quarter worth $242,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of OneStream in the 4th quarter worth $244,000.

Insider Transactions at OneStream

In other OneStream news, Director John Kinzer sold 30,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $28.26, for a total transaction of $847,800.00. Following the transaction, the director directly owned 7,130 shares in the company, valued at $201,493.80. This trade represents a 80.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $25.12, for a total value of $502,400.00. Following the transaction, the executive owned 1,003,163 shares in the company, valued at $25,199,454.56. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 193,973 shares of company stock valued at $5,300,358. Company insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OS shares. Bank of America boosted their target price on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Piper Sandler decreased their target price on OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. BNP Paribas started coverage on OneStream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price on the stock. Morgan Stanley decreased their target price on OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup reiterated a "neutral" rating and issued a $29.00 target price (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, OneStream currently has an average rating of "Moderate Buy" and an average price target of $30.81.

OneStream Trading Down 2.8%

Shares of NASDAQ OS traded down $0.57 during midday trading on Thursday, hitting $20.08. The company's stock had a trading volume of 863,474 shares, compared to its average volume of 1,457,219. The business's 50 day moving average is $25.70 and its two-hundred day moving average is $24.70. OneStream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The firm has a market cap of $4.79 billion and a P/E ratio of -13.48.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%. The firm had revenue of $147.59 million for the quarter, compared to the consensus estimate of $141.10 million. OneStream's revenue was up 25.6% on a year-over-year basis. On average, analysts predict 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.