Alkeon Capital Management LLC Decreases Stock Holdings in OneStream, Inc. $OS

Alkeon Capital Management LLC lowered its stake in shares of OneStream, Inc. (NASDAQ:OS) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 800,000 shares of the company’s stock after selling 150,000 shares during the period. Alkeon Capital Management LLC owned 0.33% of OneStream worth $14,744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of OneStream by 10.1% during the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock worth $158,606,000 after buying an additional 786,408 shares during the period. Norges Bank acquired a new stake in shares of OneStream in the second quarter valued at $179,524,000. Temasek Holdings Private Ltd raised its holdings in shares of OneStream by 44.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after buying an additional 1,310,354 shares during the period. Alliancebernstein L.P. lifted its stake in OneStream by 13.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company’s stock worth $49,018,000 after acquiring an additional 314,278 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in 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 acquiring an additional 157,257 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BNP Paribas Exane downgraded OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Thursday, January 15th. Rosenblatt Securities cut shares of OneStream from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $24.00 in a research report on Wednesday, January 7th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price objective (down from $27.00) on shares of OneStream in a research note on Wednesday, January 7th. Robert W. Baird set a $24.00 price objective on shares of OneStream in a report on Tuesday, January 6th. Finally, Citigroup downgraded shares of OneStream from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.38.

Insider Activity at OneStream

In other news, CFO William A. Koefoed sold 9,571 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $17.73, for a total value of $169,693.83. Following the completion of the transaction, the chief financial officer owned 206,127 shares in the company, valued at approximately $3,654,631.71. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Scott Leshinski sold 7,412 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total transaction of $175,516.16. Following the completion of the transaction, the president directly owned 278,458 shares in the company, valued at $6,593,885.44. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 245,503 shares of company stock worth $5,477,913 over the last 90 days. 12.77% of the stock is owned by corporate insiders.

OneStream Trading Down 0.1%

Shares of NASDAQ:OS opened at $23.57 on Friday. OneStream, Inc. has a 52 week low of $16.51 and a 52 week high of $29.66. The company’s 50 day moving average is $23.49 and its two-hundred day moving average is $20.70. The company has a market cap of $5.75 billion, a PE ratio of -84.18 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. The business had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. OneStream had a negative net margin of 8.36% and a positive return on equity of 11.28%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. As a group, equities research analysts expect that OneStream, Inc. will post 0.05 EPS for the current 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.