OneStream, Inc. $OS Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of OneStream, Inc. (NASDAQ:OS) by 299.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,843 shares of the company’s stock after purchasing an additional 82,329 shares during the quarter. JPMorgan Chase & Co.’s holdings in OneStream were worth $2,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OS. Temasek Holdings Private Ltd lifted its stake in shares of OneStream by 44.3% during the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock worth $78,636,000 after purchasing an additional 1,310,354 shares in the last quarter. Wasatch Advisors LP acquired a new position in shares of OneStream during the second quarter worth about $35,882,000. Wellington Management Group LLP acquired a new position in shares of OneStream during the third quarter worth about $23,250,000. Vanguard Group Inc. lifted its stake 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 purchasing an additional 786,408 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of OneStream by 24.8% during the third quarter. Marshall Wace LLP now owns 2,481,917 shares of the company’s stock worth $45,742,000 after acquiring an additional 492,815 shares during the last quarter.

OneStream Price Performance

Shares of OneStream stock opened at $24.00 on Wednesday. The firm has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99. OneStream, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $29.66. The business has a 50-day moving average price of $23.67 and a 200 day moving average price of $21.21.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Loop Capital cut OneStream from a “buy” rating to a “hold” rating and cut their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, January 7th. Rosenblatt Securities cut OneStream from a “buy” rating to a “hold” rating and cut their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, January 7th. BMO Capital Markets cut OneStream from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, January 7th. TD Cowen cut OneStream from a “buy” rating to a “hold” rating and cut their price target for the stock from $27.00 to $24.00 in a research note on Wednesday, January 7th. Finally, Mizuho reiterated a “neutral” rating and issued a $24.00 price target (down from $25.00) on shares of OneStream in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.10.

Insider Activity at OneStream

In related news, CAO Pamela Mcintyre sold 2,015 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $47,715.20. Following the completion of the sale, the chief accounting officer directly owned 55,800 shares of the company’s stock, valued at $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Ken Hohenstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $23.62, for a total value of $236,200.00. Following the completion of the sale, the executive directly owned 985,571 shares of the company’s stock, valued at approximately $23,279,187.02. This represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 255,136 shares of company stock valued at $6,016,250 over the last three months. 12.77% of the stock is owned by insiders.

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.