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TD Asset Management Inc Acquires 290,112 Shares of OneStream, Inc. (NASDAQ:OS)

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Key Points

  • TD Asset Management Inc increased its position in OneStream, Inc. by 138.3% during the first quarter, owning approximately 500,000 shares valued at $10.67 million.
  • Several institutional investors, including Vanguard Group and JPMorgan Chase & Co., have also significantly boosted their stakes in OneStream during the last quarter.
  • OneStream's recent earnings report showed a 23.6% year-over-year revenue growth, with a revenue of $136.31 million that exceeded analysts' expectations.
  • Five stocks to consider instead of OneStream.

TD Asset Management Inc raised its holdings in OneStream, Inc. (NASDAQ:OS - Free Report) by 138.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499,948 shares of the company's stock after buying an additional 290,112 shares during the quarter. TD Asset Management Inc owned 0.21% of OneStream worth $10,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in OneStream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. First Trust Advisors LP grew its stake in shares of OneStream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after acquiring an additional 1,731 shares in the last quarter. Bank of America Corp DE grew its stake in shares of OneStream by 350.8% during the 4th quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock worth $1,040,000 after acquiring an additional 28,379 shares in the last quarter. Rhumbline Advisers bought a new position in shares of OneStream during the 1st quarter worth approximately $35,000. Finally, Bessemer Group Inc. boosted its holdings 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.

Insider Buying and Selling

In other news, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 212,885 shares of the company's stock, valued at approximately $6,009,743.55. The trade was a 2.86% 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, Director John Kinzer sold 30,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $28.26, for a total value of $847,800.00. Following the completion of the sale, the director directly owned 7,130 shares in the company, valued at approximately $201,493.80. The trade was a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,973 shares of company stock worth $5,300,358 over the last ninety days. Corporate insiders own 12.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America raised their price target on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Mizuho raised their price target on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Piper Sandler lifted their target price on OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley decreased their target price on OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $29.00 target price (down previously from $32.00) on shares of OneStream in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, OneStream presently has an average rating of "Moderate Buy" and a consensus target price of $32.05.

Get Our Latest Stock Report on OneStream

OneStream Stock Down 2.7%

NASDAQ:OS traded down $0.64 during trading on Friday, reaching $23.21. The company's stock had a trading volume of 964,603 shares, compared to its average volume of 1,059,808. The firm has a 50 day moving average of $26.80 and a 200-day moving average of $25.10. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

About OneStream

(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.

Further Reading

Institutional Ownership by Quarter for OneStream (NASDAQ:OS)

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