OneStream, Inc. (NASDAQ:OS) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 74.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,482,984 shares of the company's stock after buying an additional 635,167 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.62% of OneStream worth $31,647,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its position in OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after acquiring an additional 454 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of OneStream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after buying an additional 1,238 shares during the last quarter. Two Sigma Advisers LP raised its stake 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 buying an additional 1,500 shares during the last quarter. Woodline Partners LP raised its stake 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 buying an additional 1,515 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter valued at about $35,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OS. Stephens boosted their target price on OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wedbush decreased their price objective on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. BNP Paribas started coverage on OneStream in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price objective on the stock. Citigroup upped their price objective on OneStream from $27.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Morgan Stanley cut 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. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

OneStream Price Performance

NASDAQ:OS traded up $0.03 during trading hours on Tuesday, hitting $25.11. 1,353,307 shares of the company traded hands, compared to its average volume of 1,222,485. The firm's 50-day simple moving average is $27.50 and its 200-day simple moving average is $25.25. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39.

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. As a group, analysts forecast that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Transactions at OneStream

In other news, CEO Thomas Anthony Shea sold 9,913 shares of OneStream stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $279,843.99. Following the completion of the transaction, the chief executive officer owned 496,854 shares in the company, valued at approximately $14,026,188.42. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $177,256.17. Following the completion of the sale, the insider owned 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. Over the last three months, insiders have sold 168,973 shares of company stock valued at $4,675,358. Company insiders own 12.77% of the company's stock.

OneStream 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.