American Century Companies Inc. Reduces Stock Holdings in OneStream, Inc. $OS

American Century Companies Inc. cut its stake in OneStream, Inc. (NASDAQ:OS) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,146,236 shares of the company’s stock after selling 506,943 shares during the quarter. American Century Companies Inc. owned about 0.47% of OneStream worth $21,125,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new position in OneStream during the 3rd quarter valued at about $480,000. Citigroup Inc. grew its holdings in shares of OneStream by 21.1% in the third quarter. Citigroup Inc. now owns 401,436 shares of the company’s stock worth $7,398,000 after purchasing an additional 69,895 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in OneStream in the 3rd quarter valued at about $411,000. Vanguard Group Inc. boosted its position in OneStream by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock valued at $158,606,000 after buying an additional 786,408 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in OneStream by 299.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 109,843 shares of the company’s stock worth $2,024,000 after acquiring an additional 82,329 shares in the last quarter.

Insider Activity

In other news, CRO Ken Hohenstein sold 60,000 shares of OneStream stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $23.46, for a total value of $1,407,600.00. Following the transaction, the executive owned 990,961 shares of the company’s stock, valued at $23,247,945.06. The trade was a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $23.58, for a total transaction of $153,387.90. Following the completion of the sale, the chief accounting officer owned 58,847 shares of the company’s stock, valued at approximately $1,387,612.26. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 236,076 shares of company stock worth $5,254,682. Corporate insiders own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on OS shares. Truist Financial set a $24.00 target price on shares of OneStream in a research report on Tuesday, January 6th. Rosenblatt Securities cut OneStream from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $24.00 in a research note on Wednesday, January 7th. BNP Paribas Exane downgraded OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Thursday, January 15th. BTIG Research lowered OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Wedbush cut OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.38.

OneStream Stock Up 0.0%

Shares of OS stock opened at $23.70 on Tuesday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of -84.64 and a beta of 1.98. The company’s 50 day moving average is $23.06 and its 200 day moving average is $20.61. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66.

OneStream (NASDAQ:OS) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to the consensus estimate of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The business’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. Analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

OneStream Company Profile

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.