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OneStream, Inc. (NASDAQ:OS) Shares Purchased by M&T Bank Corp

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M&T Bank Corp lifted its position in OneStream, Inc. (NASDAQ:OS - Free Report) by 99.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,433 shares of the company's stock after acquiring 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OS. Rhumbline Advisers bought a new stake in OneStream during the 1st quarter valued at about $35,000. PNC Financial Services Group Inc. lifted its holdings in OneStream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after buying an additional 2,600 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in OneStream during the 4th quarter valued at about $214,000. Blue Trust Inc. lifted its holdings in OneStream by 4,980.0% during the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after buying an additional 9,960 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in OneStream during the 4th quarter valued at about $238,000.

OneStream Stock Up 0.8%

OS stock traded up $0.19 during trading on Friday, reaching $25.02. The company had a trading volume of 390,448 shares, compared to its average volume of 1,219,894. The firm has a 50-day simple moving average of $27.52 and a 200-day simple moving average of $25.32. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. OneStream's revenue for the quarter was up 23.6% compared to the same quarter last year. Sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other OneStream news, CEO Thomas Anthony Shea sold 9,913 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 transaction of $279,843.99. Following the completion of the sale, the chief executive officer directly 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 legal filing with the SEC, which is accessible through the SEC website. Also, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $28.28, for a total transaction of $565,600.00. Following the sale, the executive owned 1,003,163 shares of the company's stock, valued at approximately $28,369,449.64. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,973 shares of company stock worth $4,172,958 over the last ninety days. Company insiders own 12.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OS shares. BMO Capital Markets raised their target price on shares of OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Raymond James Financial reissued an "outperform" rating and set a $29.00 target price (down previously from $32.00) on shares of OneStream in a research report on Friday, May 9th. Mizuho raised their target price on shares of OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Scotiabank reissued an "outperform" rating on shares of OneStream in a research report on Thursday, April 24th. Finally, Truist Financial cut their target price on shares of OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Two 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.05.

Read Our Latest Stock Report on OneStream

OneStream Profile

(Free Report)

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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Institutional Ownership by Quarter for OneStream (NASDAQ:OS)

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