Seven Grand Managers LLC Sells 250,000 Shares of OneStream, Inc. $OS

Seven Grand Managers LLC reduced its holdings in shares of OneStream, Inc. (NASDAQ:OS) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company’s stock after selling 250,000 shares during the period. Seven Grand Managers LLC owned approximately 0.10% of OneStream worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OS. Royal Bank of Canada increased its position in OneStream by 588.4% during the 1st quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after buying an additional 54,505 shares in the last quarter. Goldman Sachs Group Inc. increased its position in OneStream by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock valued at $23,530,000 after buying an additional 371,520 shares in the last quarter. Rhumbline Advisers acquired a new position in OneStream during the 1st quarter valued at about $35,000. Cetera Investment Advisers acquired a new position in OneStream during the 2nd quarter valued at about $343,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in OneStream during the 2nd quarter valued at about $370,000.

Insider Buying and Selling at OneStream

In related news, President Scott Leshinski sold 7,412 shares of the firm’s 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 owned 278,458 shares of the company’s stock, valued at $6,593,885.44. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Pamela Mcintyre sold 2,015 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total transaction of $47,715.20. Following the completion of the sale, the chief accounting officer directly owned 55,800 shares in the company, valued at approximately $1,321,344. The trade was a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 68,631 shares of company stock worth $1,619,662. 12.77% of the stock is currently owned by insiders.

OneStream Stock Performance

OneStream stock opened at $24.00 on Thursday. The business’s 50-day simple moving average is $23.96 and its two-hundred day simple moving average is $22.53. The company has a market cap of $5.90 billion, a PE 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.

OneStream (NASDAQ:OS) last posted its quarterly earnings results 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 business had revenue of $163.73 million for the quarter, compared to the consensus estimate of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, analysts predict that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OS. Piper Sandler set a $24.00 target price on OneStream in a research report on Monday, February 2nd. BTIG Research lowered OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Seventeen research analysts have rated the stock with 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 “Reduce” and an average 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.