Montis Financial LLC Acquires Shares of 37,759 OneStream, Inc. (NASDAQ:OS)

Montis Financial LLC acquired a new position in OneStream, Inc. (NASDAQ:OS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,759 shares of the company's stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in shares of OneStream by 74.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,482,984 shares of the company's stock valued at $31,647,000 after purchasing an additional 635,167 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of OneStream by 28.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,699,645 shares of the company's stock worth $57,610,000 after purchasing an additional 595,839 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of OneStream by 4.0% in the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock worth $250,000 after purchasing an additional 454 shares in the last quarter. M&T Bank Corp boosted its holdings in OneStream by 99.4% during the 1st quarter. M&T Bank Corp now owns 36,433 shares of the company's stock valued at $778,000 after acquiring an additional 18,165 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in OneStream by 16,651.6% during the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after acquiring an additional 2,430,302 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on OS. Truist Financial reduced their target price on OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a report on Monday, April 7th. Wedbush lowered their price objective on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. William Blair initiated coverage on OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Piper Sandler lifted their target price on OneStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Mizuho boosted their price objective on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, OneStream currently has an average rating of "Moderate Buy" and an average price target of $32.05.

Insider Transactions at OneStream

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $26.77, for a total value of $669,250.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares in the company, valued at $6,366,950.03. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,256.17. Following the completion of the transaction, the insider owned 212,885 shares of the company's stock, valued at approximately $6,009,743.55. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,973 shares of company stock worth $4,172,958 in the last three months. Company insiders own 12.77% of the company's stock.

OneStream Trading Up 0.6%

OS traded up $0.16 during trading on Friday, reaching $24.99. The company's stock had a trading volume of 858,262 shares, compared to its average volume of 1,221,661. The firm has a fifty day simple moving average of $27.52 and a two-hundred day simple moving average of $25.32. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The firm had revenue of $136.31 million for the quarter, compared to analyst estimates 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 was up 23.6% on a year-over-year basis. Analysts expect that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

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.