Counterpoint Mutual Funds LLC Acquires New Stake in OneStream, Inc. $OS

Counterpoint Mutual Funds LLC bought a new position in OneStream, Inc. (NASDAQ:OS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 26,062 shares of the company’s stock, valued at approximately $480,000.

A number of other large investors have also recently made changes to their positions in the stock. EFG Asset Management North America Corp. purchased a new position in OneStream in the 2nd quarter worth about $1,408,000. Fortress Investment Group LLC grew its stake in OneStream by 1,888.5% in the 2nd quarter. Fortress Investment Group LLC now owns 198,846 shares of the company’s stock worth $5,627,000 after acquiring an additional 188,846 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of OneStream during the third quarter valued at approximately $6,392,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of OneStream in the third quarter valued at approximately $4,526,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of OneStream in the second quarter valued at approximately $464,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OS shares. Robert W. Baird set a $24.00 target price on OneStream in a research report on Tuesday, January 6th. Rosenblatt Securities downgraded OneStream from a “buy” rating to a “hold” rating and decreased their price objective for the company from $26.00 to $24.00 in a report on Wednesday, January 7th. Needham & Company LLC lowered shares of OneStream from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. William Blair downgraded shares of OneStream from an “outperform” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated 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 assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Insider Activity at OneStream

In related news, CFO William A. Koefoed sold 9,571 shares of OneStream stock in a transaction that occurred 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 sale, the chief financial officer directly owned 206,127 shares in the company, valued at $3,654,631.71. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Pamela Mcintyre sold 6,505 shares of the company’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 transaction, the chief accounting officer owned 58,847 shares in the company, valued at $1,387,612.26. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 236,076 shares of company stock valued at $5,254,682 in the last three months. 12.77% of the stock is owned by insiders.

OneStream Stock Down 0.3%

NASDAQ OS opened at $23.48 on Wednesday. OneStream, Inc. has a 52 week low of $16.51 and a 52 week high of $29.66. The company has a 50 day moving average price of $22.16 and a 200 day moving average price of $20.38. The firm has a market cap of $5.72 billion, a PE ratio of -48.92 and a beta of 2.03.

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.