Entropy Technologies LP Sells 14,103 Shares of OneStream, Inc. (NASDAQ:OS)

Entropy Technologies LP cut its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 53.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,097 shares of the company's stock after selling 14,103 shares during the period. Entropy Technologies LP's holdings in OneStream were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OS. Townsquare Capital LLC boosted its position in shares of OneStream by 29.1% during the 1st quarter. Townsquare Capital LLC now owns 129,638 shares of the company's stock valued at $2,766,000 after acquiring an additional 29,250 shares in the last quarter. Swiss National Bank boosted its position in shares of OneStream by 3.8% during the 1st quarter. Swiss National Bank now owns 79,400 shares of the company's stock valued at $1,694,000 after acquiring an additional 2,900 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of OneStream during the 1st quarter valued at about $2,782,000. Charles Schwab Investment Management Inc. boosted its position in shares of OneStream by 14.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 293,216 shares of the company's stock valued at $6,257,000 after acquiring an additional 38,078 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of OneStream by 0.3% during the 1st quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock valued at $3,096,000 after acquiring an additional 400 shares in the last quarter.

Insider Activity at OneStream

In other news, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the sale, the director owned 7,130 shares in the company, valued at $201,493.80. The trade was a 80.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William A. Koefoed sold 25,000 shares of OneStream stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the chief financial officer owned 237,839 shares of the company's stock, valued at approximately $5,945,975. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,973 shares of company stock worth $5,300,358 over the last 90 days. Insiders own 12.77% of the company's stock.

OneStream Trading Down 4.2%

OS opened at $19.79 on Friday. The stock has a market capitalization of $4.72 billion and a PE ratio of -13.28. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The firm has a 50-day moving average price of $25.52 and a two-hundred day moving average price of $24.63.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler decreased their target price on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Stephens boosted their price target on shares of OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. William Blair initiated coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Citigroup restated a "neutral" rating and issued a $29.00 price target (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Finally, BMO Capital Markets reduced their price target on shares of OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.81.

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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