OneStream, Inc. $OS Shares Purchased by Comerica Bank

Comerica Bank lifted its holdings in OneStream, Inc. (NASDAQ:OS) by 2,443.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,609 shares of the company’s stock after purchasing an additional 55,344 shares during the quarter. Comerica Bank’s holdings in OneStream were worth $1,059,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of OneStream by 10.1% in the 3rd 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. Temasek Holdings Private Ltd boosted its position in shares of OneStream by 44.3% in the 3rd 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. Alliancebernstein L.P. boosted its position in shares of OneStream by 13.4% in the 3rd quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company’s stock worth $49,018,000 after purchasing an additional 314,278 shares in the last quarter. Marshall Wace LLP boosted its position in shares of OneStream by 24.8% in the 3rd quarter. Marshall Wace LLP now owns 2,481,917 shares of the company’s stock worth $45,742,000 after purchasing an additional 492,815 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of OneStream by 2.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,293,252 shares of the company’s stock worth $23,835,000 after purchasing an additional 25,338 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BNP Paribas Exane cut OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Thursday, January 15th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $24.00 price objective (up from $23.00) on shares of OneStream in a research report on Friday, January 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of OneStream in a research report on Thursday, January 22nd. UBS Group set a $24.00 price target on OneStream in a research report on Friday, January 16th. Finally, Citigroup cut OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $24.72.

OneStream Stock Performance

Shares of OS opened at $24.00 on Friday. The stock has a 50-day moving average of $23.87 and a two-hundred day moving average of $21.99. OneStream, Inc. has a one year low of $16.51 and a one year high of $29.66. The stock has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99.

OneStream (NASDAQ:OS) last issued 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 positive return on equity of 11.28% and a negative net margin of 8.36%.The company had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. Analysts predict that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

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

About OneStream

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.