M&T Bank Corp Has $778,000 Stock Holdings in OneStream, Inc. (NASDAQ:OS)

M&T Bank Corp lifted its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 99.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,433 shares of the company's stock after purchasing an additional 18,165 shares during the quarter. M&T Bank Corp's holdings in OneStream were worth $778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brown Advisory Inc. increased its holdings in OneStream by 16,651.6% in the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after purchasing an additional 2,430,302 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of OneStream by 77.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 202,898 shares of the company's stock worth $4,330,000 after acquiring an additional 88,706 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in OneStream by 109.4% during the first quarter. Bank of New York Mellon Corp now owns 17,528 shares of the company's stock worth $374,000 after purchasing an additional 9,159 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of OneStream by 19.4% in the 1st quarter. Diversified Trust Co now owns 42,025 shares of the company's stock valued at $897,000 after buying an additional 6,825 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of OneStream by 20.1% in the 1st quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock valued at $1,385,000 after buying an additional 10,883 shares during the last quarter.

OneStream Trading Down 1.9%

NASDAQ:OS traded down $0.47 during trading hours on Tuesday, reaching $24.91. 1,600,550 shares of the stock were exchanged, compared to its average volume of 1,224,143. OneStream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39. The firm has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $25.38.

OneStream (NASDAQ:OS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $131.08 million. OneStream's revenue was up 23.6% compared to the same quarter last year. On average, analysts predict that OneStream, Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Stephens raised their price target on OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. BNP Paribas began coverage on OneStream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. BMO Capital Markets lifted their target price on OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group cut their price target on OneStream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.19.

Insider Buying and Selling 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 value of $847,800.00. Following the transaction, the director owned 7,130 shares of the company's stock, valued at $201,493.80. The trade was a 80.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO William A. Koefoed sold 25,000 shares of the 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 sale, the chief financial officer owned 237,839 shares of the company's stock, valued at $6,366,950.03. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,973 shares of company stock valued at $4,172,958. 12.77% of the stock is currently owned by company 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.