TimesSquare Capital Management LLC grew its position in OneStream, Inc. (NASDAQ:OS - Free Report) by 28.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,699,645 shares of the company's stock after buying an additional 595,839 shares during the period. TimesSquare Capital Management LLC owned 1.13% of OneStream worth $57,610,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter valued at approximately $35,000. PNC Financial Services Group Inc. raised its position in shares of OneStream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of OneStream in the 4th quarter valued at approximately $214,000. Blue Trust Inc. raised its position in shares of OneStream by 4,980.0% in the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after purchasing an additional 9,960 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of OneStream in the 4th quarter valued at approximately $238,000.
Insider Buying and Selling at OneStream
In other news, CFO William A. Koefoed sold 25,000 shares of OneStream stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $26.77, for a total value of $669,250.00. Following the sale, the chief financial officer owned 237,839 shares in the company, valued at $6,366,950.03. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the sale, the director owned 7,130 shares in the company, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,973 shares of company stock valued at $4,172,958. Insiders own 12.77% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on OS shares. Wedbush decreased their price objective on shares of OneStream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. William Blair assumed coverage on shares of OneStream in a research report on Tuesday, May 20th. They set an "outperform" rating for the company. Piper Sandler raised their price target on shares of OneStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Citigroup reissued a "neutral" rating and set a $29.00 price target (up from $27.00) on shares of OneStream in a research report on Wednesday. Finally, Truist Financial reduced their price target on shares of OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.
Check Out Our Latest Stock Report on OS
OneStream Price Performance
Shares of NASDAQ:OS traded up $0.07 during trading on Thursday, hitting $24.82. 286,241 shares of the stock traded hands, compared to its average volume of 1,220,601. The company has a fifty day moving average price of $27.51 and a two-hundred day moving average price of $25.35. OneStream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39.
OneStream (NASDAQ:OS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The firm had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. OneStream's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts forecast that OneStream, Inc. will post 0.05 EPS for the current year.
OneStream Company Profile
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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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