M&T Bank Corp Purchases 18,165 Shares of OneStream, Inc. (NASDAQ:OS)

M&T Bank Corp grew its position in shares of OneStream, Inc. (NASDAQ:OS) by 99.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,433 shares of the company’s stock after buying an additional 18,165 shares during the quarter. M&T Bank Corp’s holdings in OneStream were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Advisory Inc. boosted its holdings in shares of OneStream by 16,651.6% in the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company’s stock worth $52,174,000 after buying an additional 2,430,302 shares during the last quarter. Envestnet Asset Management Inc. raised its position in OneStream by 77.7% in the first quarter. Envestnet Asset Management Inc. now owns 202,898 shares of the company’s stock worth $4,330,000 after acquiring an additional 88,706 shares during the period. Bank of New York Mellon Corp raised its position in OneStream by 109.4% in the first quarter. Bank of New York Mellon Corp now owns 17,528 shares of the company’s stock worth $374,000 after acquiring an additional 9,159 shares during the period. Diversified Trust Co boosted its stake in OneStream by 19.4% in the first quarter. Diversified Trust Co now owns 42,025 shares of the company’s stock valued at $897,000 after acquiring an additional 6,825 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of OneStream by 20.1% during the 1st quarter. Bessemer Group Inc. now owns 64,893 shares of the company’s stock valued at $1,385,000 after acquiring an additional 10,883 shares during the period.

Insider Transactions at OneStream

In other OneStream news, CEO Thomas Anthony Shea sold 9,913 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the transaction, the chief executive officer directly owned 496,854 shares in the company, valued at $14,026,188.42. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $27.67, for a total transaction of $553,400.00. Following the transaction, the executive directly owned 1,009,443 shares in the company, valued at approximately $27,931,287.81. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 148,973 shares of company stock worth $4,172,958. Company insiders own 12.77% of the company’s stock.

OneStream Price Performance

NASDAQ:OS opened at $25.38 on Tuesday. OneStream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39. The stock has a fifty day moving average of $27.38 and a 200 day moving average of $25.38.

OneStream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping 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 company had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. OneStream’s revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BNP Paribas initiated coverage on shares of OneStream in a report on Tuesday, April 22nd. They issued an “outperform” rating and a $30.00 price target on the stock. The Goldman Sachs Group lowered their target price on OneStream from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. William Blair assumed coverage on OneStream in a research report on Tuesday, May 20th. They set an “outperform” rating on the stock. Raymond James Financial reissued an “outperform” rating and issued a $29.00 price objective (down previously from $32.00) on shares of OneStream in a report on Friday, May 9th. Finally, Piper Sandler boosted their price objective on OneStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.19.

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.