OneStream, Inc. $OS Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in shares of OneStream, Inc. (NASDAQ:OS) by 50.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,118 shares of the company’s stock after selling 22,282 shares during the period. M&T Bank Corp’s holdings in OneStream were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OS. Vanguard Group Inc. raised its position in OneStream by 10.1% in 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 period. Temasek Holdings Private Ltd boosted its position 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 buying an additional 1,310,354 shares during the period. Alliancebernstein L.P. boosted its position in shares of OneStream by 13.4% during the third quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company’s stock worth $49,018,000 after buying an additional 314,278 shares during the period. Marshall Wace LLP boosted 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 buying an additional 492,815 shares during the period. Finally, Wasatch Advisors LP boosted its position in shares of OneStream by 2.0% during the third quarter. Wasatch Advisors LP now owns 1,293,252 shares of the company’s stock worth $23,835,000 after buying an additional 25,338 shares during the period.

Insider Transactions at OneStream

In other news, President Scott Leshinski sold 7,412 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total transaction of $175,516.16. Following the sale, the president owned 278,458 shares of the company’s stock, valued at approximately $6,593,885.44. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Ken Hohenstein sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $23.62, for a total value of $236,200.00. Following the sale, the executive directly owned 985,571 shares in the company, valued at $23,279,187.02. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 128,631 shares of company stock valued at $3,027,262. 12.77% of the stock is currently owned by company insiders.

OneStream Stock Performance

OneStream stock opened at $24.00 on Thursday. OneStream, Inc. has a twelve month low of $16.51 and a twelve month high of $29.66. The stock’s fifty day simple moving average is $23.90 and its 200-day simple moving average is $22.16. The firm has a market capitalization of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99.

OneStream (NASDAQ:OS) last posted its quarterly earnings data 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 positive return on equity of 11.28% and a negative net margin of 8.36%.The business 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 company earned $0.07 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. Sell-side analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OS has been the subject of several research analyst reports. BTIG Research lowered OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 price target (up from $23.00) on shares of OneStream in a research report on Friday, January 16th. UBS Group set a $24.00 price target on OneStream in a research report on Friday, January 16th. Piper Sandler set a $24.00 price target on OneStream in a research report on Monday, February 2nd. Finally, Citigroup lowered OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Seventeen analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, OneStream presently has a consensus rating of “Reduce” and a consensus target price of $24.24.

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.