OneStream, Inc. $OS Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in OneStream, Inc. (NASDAQ:OS) by 20.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,556 shares of the company’s stock after selling 52,217 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of OneStream worth $3,752,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. State of Wyoming purchased a new position in shares of OneStream during the 3rd quarter valued at approximately $279,000. Fourth Dimension Wealth LLC grew its position in OneStream by 88.9% during the third quarter. Fourth Dimension Wealth LLC now owns 11,623 shares of the company’s stock valued at $214,000 after buying an additional 5,471 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in OneStream by 723.1% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 205,525 shares of the company’s stock valued at $3,787,000 after buying an additional 180,556 shares in the last quarter. EFG Asset Management North America Corp. increased its holdings in OneStream by 111.8% in the third quarter. EFG Asset Management North America Corp. now owns 105,470 shares of the company’s stock valued at $1,943,000 after buying an additional 55,682 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of OneStream in the third quarter worth about $4,526,000.

OneStream Price Performance

Shares of NASDAQ:OS opened at $23.48 on Wednesday. OneStream, Inc. has a 1 year low of $16.51 and a 1 year high of $29.66. The firm has a market capitalization of $5.72 billion, a PE ratio of -48.92 and a beta of 2.03. The business’s 50 day moving average price is $22.16 and its 200-day moving average price is $20.38.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OS shares. Wolfe Research lowered OneStream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Needham & Company LLC lowered OneStream from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Wedbush downgraded OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Tuesday, January 6th. Rosenblatt Securities lowered OneStream from a “buy” rating to a “hold” rating and decreased their target price for the company from $26.00 to $24.00 in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of OneStream in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.38.

Insiders Place Their Bets

In related news, CAO Pamela Mcintyre sold 6,505 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $23.58, for a total transaction of $153,387.90. Following the transaction, the chief accounting officer directly owned 58,847 shares in the company, valued at approximately $1,387,612.26. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Ken Hohenstein sold 60,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the sale, the executive directly owned 990,961 shares of the company’s stock, valued at approximately $23,247,945.06. This represents a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 236,076 shares of company stock valued at $5,254,682 in the last 90 days. 12.77% of the stock is owned by insiders.

About OneStream

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.