Temasek Holdings Private Ltd Trims Stock Position in Onestream, Inc. (NASDAQ:OS)

Temasek Holdings Private Ltd cut its position in Onestream, Inc. (NASDAQ:OS - Free Report) by 88.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,151 shares of the company's stock after selling 971,849 shares during the period. Temasek Holdings Private Ltd owned 0.05% of Onestream worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OS. Precision Wealth Strategies LLC lifted its position in Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after buying an additional 484 shares in the last quarter. Franklin Resources Inc. increased 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 acquiring an additional 1,238 shares during the last quarter. First Trust Advisors LP raised its holdings 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 during the period. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Onestream during the 4th quarter valued at about $166,000.

Onestream Price Performance

OS traded down $0.09 during trading hours on Friday, hitting $28.36. 443,562 shares of the company's stock were exchanged, compared to its average volume of 1,163,701. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The firm has a 50 day moving average of $22.47 and a 200 day moving average of $26.25.

Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. On average, research analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at Onestream

In other Onestream news, CRO Ken Hohenstein sold 20,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $27.67, for a total value of $553,400.00. Following the sale, the executive now directly owns 1,009,443 shares of the company's stock, valued at approximately $27,931,287.81. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Morgan Stanley reduced their price target on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. William Blair began coverage on Onestream in a research report on Tuesday. They issued an "outperform" rating for the company. Guggenheim reissued a "buy" rating and set a $35.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Finally, Mizuho increased their price target on Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Onestream has a consensus rating of "Moderate Buy" and an average price target of $32.19.

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.