OneStream, Inc. (NASDAQ:OS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of OneStream, Inc. (NASDAQ:OS) by 109.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,528 shares of the company’s stock after purchasing an additional 9,159 shares during the period. Bank of New York Mellon Corp’s holdings in OneStream were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers acquired a new position in OneStream in the 1st quarter valued at about $35,000. KLP Kapitalforvaltning AS purchased a new stake in shares of OneStream during the 4th quarter worth approximately $214,000. Hsbc Holdings PLC purchased a new stake in shares of OneStream during the 4th quarter worth approximately $238,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of OneStream during the 4th quarter worth approximately $242,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of OneStream during the 4th quarter worth approximately $244,000.

OneStream Price Performance

Shares of NASDAQ OS opened at $23.80 on Tuesday. The firm’s 50-day moving average price is $26.71 and its two-hundred day moving average price is $25.04. OneStream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39.

OneStream (NASDAQ:OS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating 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. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, analysts predict that OneStream, Inc. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America lifted their price objective on OneStream from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Mizuho boosted their price target on OneStream from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Stephens boosted their price target on OneStream from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Truist Financial cut their price target on OneStream from $37.00 to $27.00 and set a “buy” rating for the company in a report on Monday, April 7th. Finally, BMO Capital Markets boosted their price target on OneStream from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.05.

Insider Activity at OneStream

In other OneStream news, CEO Thomas Anthony Shea sold 9,913 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $279,843.99. Following the completion of the sale, the chief executive officer directly owned 496,854 shares in the company, valued at $14,026,188.42. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the director owned 7,130 shares of the company’s stock, valued at $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,973 shares of company stock valued at $5,300,358. Company insiders own 12.77% of the company’s stock.

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.