2Xideas AG Has $2.51 Million Holdings in OneStream, Inc. $OS

2Xideas AG decreased its holdings in shares of OneStream, Inc. (NASDAQ:OS) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,006 shares of the company’s stock after selling 38,615 shares during the quarter. 2Xideas AG owned approximately 0.06% of OneStream worth $2,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in OneStream by 10.1% during the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock valued at $158,606,000 after purchasing an additional 786,408 shares during the last quarter. Norges Bank bought a new position in OneStream during the second quarter worth $179,524,000. Temasek Holdings Private Ltd increased its holdings in shares of OneStream by 44.3% in the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after purchasing an additional 1,310,354 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of OneStream by 6.4% during the 2nd quarter. Brown Advisory Inc. now owns 2,602,154 shares of the company’s stock worth $73,641,000 after buying an additional 157,257 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of OneStream by 24.8% during the 3rd quarter. Marshall Wace LLP now owns 2,481,917 shares of the company’s stock worth $45,742,000 after buying an additional 492,815 shares during the period.

Insider Buying and Selling

In other news, CAO Pamela Mcintyre sold 2,015 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $47,715.20. Following the transaction, the chief accounting officer owned 55,800 shares in the company, valued at $1,321,344. The trade was a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 60,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive owned 990,961 shares of the company’s stock, valued at $23,247,945.06. This trade represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 245,503 shares of company stock valued at $5,477,913. 12.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen cut OneStream from a “buy” rating to a “hold” rating and dropped their price target for the stock from $27.00 to $24.00 in a report on Wednesday, January 7th. Wolfe Research cut OneStream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 target price (down from $27.00) on shares of OneStream in a research report on Wednesday, January 7th. Capital One Financial set a $24.00 price target on shares of OneStream in a research report on Wednesday, January 7th. Finally, Needham & Company LLC cut OneStream from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.38.

OneStream Stock Down 0.1%

Shares of OS opened at $23.57 on Friday. OneStream, Inc. has a 12-month low of $16.51 and a 12-month high of $29.66. The stock has a market cap of $5.75 billion, a P/E ratio of -84.18 and a beta of 1.99. The business’s fifty day moving average is $23.49 and its 200 day moving average is $20.70.

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

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.