TD Asset Management Inc Sells 24,000 Shares of OneStream, Inc. $OS

TD Asset Management Inc lowered its stake in shares of OneStream, Inc. (NASDAQ:OS) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 476,266 shares of the company’s stock after selling 24,000 shares during the quarter. TD Asset Management Inc’s holdings in OneStream were worth $8,778,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of OneStream by 44.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after acquiring an additional 499 shares during the period. Advisors Asset Management Inc. lifted its position in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after buying an additional 585 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of OneStream by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the company’s stock valued at $332,000 after buying an additional 954 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of OneStream in the 1st quarter worth about $35,000. Finally, KBC Group NV bought a new position in shares of OneStream in the 2nd quarter worth about $58,000.

OneStream Stock Performance

Shares of OS stock opened at $23.68 on Tuesday. The stock has a 50 day moving average price of $22.57 and a 200 day moving average price of $20.48. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66. The firm has a market capitalization of $5.77 billion, a P/E ratio of -84.57 and a beta of 2.05.

OneStream (NASDAQ:OS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.12 EPS 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 firm had revenue of $163.73 million for the quarter, compared to analysts’ expectations of $157.28 million. During the same period in the prior year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, sell-side analysts forecast that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Activity at OneStream

In other OneStream news, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total transaction of $153,387.90. Following the transaction, the chief accounting officer directly owned 58,847 shares in the company, valued at $1,387,612.26. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 9,571 shares of OneStream 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 sale, the chief financial officer directly owned 206,127 shares of the company’s stock, valued at approximately $3,654,631.71. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 236,076 shares of company stock worth $5,254,682. Company insiders own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

OS has been the topic of a number of analyst reports. Capital One Financial set a $24.00 price target on OneStream in a research report on Wednesday, January 7th. Raymond James Financial cut OneStream from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 8th. Rosenblatt Securities cut OneStream from a “buy” rating to a “hold” rating and dropped their price objective for the company from $26.00 to $24.00 in a research report on Wednesday, January 7th. BMO Capital Markets lowered OneStream from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, January 7th. Finally, Wedbush lowered shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price target for the company. in a research note on Tuesday, January 6th. Four 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 company. Based on data from MarketBeat, OneStream has a consensus rating of “Hold” and an average price target of $25.38.

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.