Rhumbline Advisers Invests $35,000 in OneStream, Inc. (NASDAQ:OS)

Rhumbline Advisers acquired a new position in shares of OneStream, Inc. (NASDAQ:OS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,625 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also modified their holdings of OS. Norges Bank acquired a new stake in OneStream during the 4th quarter worth $119,214,000. T. Rowe Price Investment Management Inc. boosted its stake in OneStream by 3.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company’s stock worth $107,948,000 after purchasing an additional 115,176 shares during the period. Vanguard Group Inc. boosted its stake in OneStream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after purchasing an additional 1,268,733 shares during the period. Champlain Investment Partners LLC acquired a new stake in OneStream during the 4th quarter worth $98,076,000. Finally, Alliancebernstein L.P. boosted its stake in OneStream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after purchasing an additional 1,357,860 shares during the period.

Insider Activity at OneStream

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total transaction of $719,000.00. Following the sale, the chief financial officer now directly owns 253,694 shares of the company’s stock, valued at $7,296,239.44. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Craig Colby sold 6,279 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,256.17. Following the sale, the insider now directly owns 212,885 shares in the company, valued at $6,009,743.55. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,973 shares of company stock valued at $4,314,908. Insiders own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of OneStream from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. William Blair assumed coverage on shares of OneStream in a research report on Tuesday, May 20th. They set an “outperform” rating for the company. BNP Paribas assumed coverage on shares of OneStream in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $30.00 price objective for the company. Mizuho upped their price objective on shares of OneStream from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, Stephens upped their price objective on shares of OneStream from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.19.

OneStream Stock Up 5.0%

NASDAQ:OS opened at $27.65 on Friday. OneStream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The firm’s fifty day simple moving average is $26.15 and its 200-day simple moving average is $25.68.

OneStream (NASDAQ:OS) last posted its quarterly earnings results 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. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The business had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, analysts forecast that OneStream, Inc. will post 0.05 EPS for the current year.

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.