TimesSquare Capital Management LLC Sells 121,203 Shares of OneStream, Inc. $OS

TimesSquare Capital Management LLC reduced its holdings in OneStream, Inc. (NASDAQ:OS) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,545,548 shares of the company’s stock after selling 121,203 shares during the quarter. TimesSquare Capital Management LLC owned about 1.05% of OneStream worth $46,914,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OS. Rhumbline Advisers acquired a new stake in shares of OneStream during the 1st quarter worth approximately $35,000. Advisors Asset Management Inc. boosted its stake in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock worth $41,000 after acquiring an additional 585 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in OneStream by 44.9% in the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after purchasing an additional 499 shares during the period. KBC Group NV bought a new stake in OneStream in the second quarter valued at $58,000. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in OneStream in the third quarter valued at $144,000.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 9,571 shares of the company’s 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 completion of the sale, the chief financial officer owned 206,127 shares in the company, valued at $3,654,631.71. This represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction dated 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 directly owned 58,847 shares in the company, valued at $1,387,612.26. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 176,076 shares of company stock valued at $3,847,082 in the last three months. 12.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OS. Mizuho reissued a “neutral” rating and set a $24.00 price objective (down previously from $25.00) on shares of OneStream in a research report on Wednesday, January 7th. Needham & Company LLC lowered OneStream from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Truist Financial set a $24.00 price objective on OneStream in a research note on Tuesday, January 6th. Loop Capital downgraded OneStream from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $24.00 in a report on Wednesday, January 7th. Finally, Guggenheim cut OneStream from a “buy” rating to a “neutral” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, OneStream has an average rating of “Hold” and a consensus price target of $25.38.

OneStream Stock Down 0.3%

Shares of NASDAQ:OS opened at $23.51 on Friday. The business’s 50 day moving average is $21.39 and its 200 day moving average is $20.38. OneStream, Inc. has a 12-month low of $16.51 and a 12-month high of $29.66. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -48.98 and a beta of 2.05.

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.