TD Asset Management Inc Has $10.67 Million Stock Position in OneStream, Inc. (NASDAQ:OS)

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.

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

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after acquiring an additional 454 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares during the period. Franklin Resources Inc. lifted its stake in shares of OneStream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after purchasing an additional 1,238 shares during the period. Two Sigma Advisers LP lifted its stake in shares of OneStream by 20.3% in the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock worth $254,000 after purchasing an additional 1,500 shares during the period. Finally, Woodline Partners LP lifted its stake in shares of OneStream by 1.1% in the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company's stock worth $3,819,000 after purchasing an additional 1,515 shares during the period.

Insider Transactions at OneStream

In other news, Director John Kinzer sold 30,000 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 7,130 shares in the company, valued at approximately $201,493.80. This represents a 80.80% decrease in their position. The transaction 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 company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $28.76, for a total value of $719,000.00. Following the transaction, the chief financial officer directly owned 253,694 shares in the company, valued at approximately $7,296,239.44. This represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,973 shares of company stock valued at $5,300,358. 12.77% of the stock is currently owned by insiders.

OneStream Stock Performance

Shares of OneStream stock traded down $0.27 during midday trading on Tuesday, hitting $23.53. The company's stock had a trading volume of 839,849 shares, compared to its average volume of 1,401,352. The stock has a 50-day simple moving average of $26.71 and a 200-day simple moving average of $25.04. 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 data 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 firm had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The business's revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OS shares. Truist Financial reduced their price target 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. BNP Paribas assumed coverage on shares of OneStream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 target price for the company. BMO Capital Markets boosted their target price on shares of OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. William Blair assumed coverage on shares of OneStream in a research note on Tuesday, May 20th. They set an "outperform" rating for the company. Finally, Bank of America boosted their target price on shares of OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.05.

About OneStream

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.