Oddo BHF Asset Management Sas Buys Shares of 1,450,000 OneStream, Inc. $OS

Key Points

• Oddo BHF Asset Management acquired 1.45 million OneStream shares worth approximately $34.8 million, representing about 0.59% of the company and 1.4% of the fund’s holdings.
• Several other institutional investors also built positions, including Norges Bank, Polar Asset Management, Fuller & Thaler, HSBC—which increased its holdings nearly 3,943%—and Wasatch Advisors.
• OneStream shares opened at $24.00, with a market capitalization of roughly $5.9 billion; the stock has traded between $16.51 and $29.66 over the past year and has a negative price-to-earnings ratio of -85.71.

Oddo BHF Asset Management Sas bought a new position in shares of OneStream, Inc. (NASDAQ:OS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,450,000 shares of the company's stock, valued at approximately $34,800,000. OneStream comprises about 1.4% of Oddo BHF Asset Management Sas' holdings, making the stock its 10th biggest position. Oddo BHF Asset Management Sas owned approximately 0.59% of OneStream as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OS. Norges Bank bought a new position in shares of OneStream in the 4th quarter valued at $109,803,000. Polar Asset Management Partners Inc. bought a new stake in OneStream during the 1st quarter worth $70,665,000. Fuller & Thaler Asset Management Inc. acquired a new position in OneStream in the 4th quarter worth about $47,648,000. Hsbc Holdings PLC increased its holdings in OneStream by 3,942.9% in the 1st quarter. Hsbc Holdings PLC now owns 1,595,839 shares of the company's stock worth $38,300,000 after purchasing an additional 1,556,366 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in OneStream in the second quarter valued at about $35,882,000.

OneStream Price Performance

NASDAQ:OS opened at $24.00 on Thursday. The firm's 50 day simple moving average is $24.00 and its 200 day simple moving average is $23.85. OneStream, Inc. has a one year low of $16.51 and a one year high of $29.66. The company has a market cap of $5.90 billion, a PE ratio of -85.71 and a beta of 1.99.

OneStream Company Profile

OneStream Software, Inc NASDAQ: OS is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company's flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.

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