Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in OneStream, Inc. (NASDAQ:OS)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneStream, Inc. (NASDAQ:OS) by 156.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,108 shares of the company’s stock after buying an additional 8,006 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OneStream were worth $280,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company’s stock valued at $250,000 after purchasing an additional 454 shares during the period. IFP Advisors Inc boosted its holdings in OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company’s stock valued at $139,000 after acquiring an additional 624 shares during the period. Franklin Resources Inc. lifted its holdings in 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 buying an additional 1,238 shares during the period. Two Sigma Advisers LP lifted its holdings in OneStream by 20.3% in the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock worth $254,000 after buying an additional 1,500 shares during the period. Finally, Woodline Partners LP lifted its holdings in OneStream by 1.1% in the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock worth $3,819,000 after buying an additional 1,515 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler lowered their price objective on OneStream from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday. Raymond James Financial reduced their price objective on OneStream from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets cut their target price on OneStream from $33.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday. Wedbush cut their target price on OneStream from $35.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, William Blair started coverage on OneStream in a research note on Tuesday, May 20th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.81.

Insider Buying and Selling at OneStream

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total value of $719,000.00. Following the completion of the transaction, the chief financial officer owned 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas Anthony Shea sold 9,913 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 496,854 shares of the company’s stock, valued at $14,026,188.42. This represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,973 shares of company stock worth $5,300,358. 12.77% of the stock is currently owned by corporate insiders.

OneStream Price Performance

Shares of NASDAQ OS opened at $20.12 on Friday. The company has a 50 day simple moving average of $26.22 and a 200-day simple moving average of $24.90. The company has a market capitalization of $4.80 billion and a P/E ratio of -13.50. OneStream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39.

OneStream (NASDAQ:OS) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. OneStream had a negative net margin of 45.07% and a negative return on equity of 28.38%. The firm had revenue of $147.59 million during the quarter, compared to the consensus estimate of $141.10 million. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, research analysts expect that OneStream, Inc. will post 0.05 EPS for the current year.

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.