Massachusetts Financial Services Co. MA Raises Stock Holdings in OneStream, Inc. (NASDAQ:OS)

Massachusetts Financial Services Co. MA raised its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 74.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.62% of OneStream worth $31,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OS. Rhumbline Advisers acquired a new stake in shares of OneStream in the first quarter valued at approximately $35,000. PNC Financial Services Group Inc. raised its holdings in shares of OneStream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of OneStream in the fourth quarter valued at approximately $214,000. Hsbc Holdings PLC acquired a new stake in shares of OneStream in the fourth quarter valued at approximately $238,000. Finally, Bank of New York Mellon Corp bought a new stake in OneStream during the fourth quarter worth $239,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OS shares. William Blair started coverage on shares of OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Stephens upped their price objective on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Raymond James Financial reaffirmed an "outperform" rating and set a $29.00 price objective (down previously from $32.00) on shares of OneStream in a research report on Friday, May 9th. Mizuho boosted their target price on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Bank of America upped their price objective on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Two research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.05.

OneStream Trading Up 0.6%

Shares of OneStream stock traded up $0.16 during trading hours on Friday, hitting $24.99. 858,262 shares of the company's stock traded hands, compared to its average volume of 1,221,661. OneStream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The company has a fifty day simple moving average of $27.50 and a 200-day simple moving average of $25.27.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share 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 for the quarter was up 23.6% on a year-over-year basis. Equities research analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $26.77, for a total transaction of $669,250.00. Following the transaction, the chief financial officer directly owned 237,839 shares of the company's stock, valued at approximately $6,366,950.03. The trade was a 9.51% 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 OneStream stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $177,256.17. Following the sale, the insider owned 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. Over the last ninety days, insiders sold 148,973 shares of company stock worth $4,172,958. 12.77% of the stock is currently owned by corporate insiders.

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.