Norden Group LLC Acquires 788 Shares of OneStream, Inc. (NASDAQ:OS)

Norden Group LLC increased its holdings in OneStream, Inc. (NASDAQ:OS) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,906 shares of the company’s stock after purchasing an additional 788 shares during the period. Norden Group LLC’s holdings in OneStream were worth $467,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in OneStream during the 4th quarter worth $119,214,000. Champlain Investment Partners LLC acquired a new position in OneStream during the 4th quarter worth $98,076,000. Brown Advisory Inc. lifted its position in OneStream by 16,651.6% during the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company’s stock worth $52,174,000 after acquiring an additional 2,430,302 shares during the last quarter. JPMorgan Chase & Co. lifted its position in OneStream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after acquiring an additional 1,566,276 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in OneStream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OS. Raymond James Financial reissued an “outperform” rating and set a $29.00 target price (down previously from $32.00) on shares of OneStream in a research report on Friday, May 9th. BNP Paribas began coverage on shares of OneStream in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $30.00 target price for the company. Piper Sandler boosted their target price on shares of OneStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Bank of America boosted their target price on shares of OneStream from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of OneStream in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.05.

OneStream Price Performance

NASDAQ:OS opened at $24.77 on Wednesday. OneStream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The firm has a 50-day moving average price of $27.14 and a 200 day moving average price of $25.16.

OneStream (NASDAQ:OS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The firm had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, equities analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Activity at OneStream

In other news, Director John Kinzer sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the sale, the director owned 7,130 shares of the company’s stock, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Anthony Shea sold 9,913 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $279,843.99. Following the sale, the chief executive officer directly owned 496,854 shares of the company’s stock, valued at approximately $14,026,188.42. The trade was a 1.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,973 shares of company stock valued at $5,300,358. Insiders own 12.77% of the company’s stock.

About OneStream

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.