Fourth Dimension Wealth LLC Buys Shares of 6,152 OneStream, Inc. $OS

Fourth Dimension Wealth LLC acquired a new position in OneStream, Inc. (NASDAQ:OS) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,152 shares of the company’s stock, valued at approximately $174,000.

Several other large investors have also recently made changes to their positions in OS. Champlain Investment Partners LLC lifted its stake in OneStream by 17.4% during the first quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company’s stock worth $86,162,000 after purchasing an additional 598,757 shares in the last quarter. Optimize Financial Inc acquired a new position in OneStream during the 1st quarter worth about $343,000. Voleon Capital Management LP lifted its stake in OneStream by 52.7% during the 1st quarter. Voleon Capital Management LP now owns 66,753 shares of the company’s stock worth $1,425,000 after acquiring an additional 23,028 shares in the last quarter. M&T Bank Corp lifted its position in shares of OneStream by 99.4% during the first quarter. M&T Bank Corp now owns 36,433 shares of the company’s stock worth $778,000 after purchasing an additional 18,165 shares in the last quarter. Finally, Alkeon Capital Management LLC acquired a new stake in shares of OneStream during the first quarter worth about $53,910,000.

Insiders Place Their Bets

In related news, Director John Kinzer sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William A. Koefoed sold 8,943 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.03, for a total value of $170,185.29. Following the sale, the chief financial officer owned 221,983 shares of the company’s stock, valued at approximately $4,224,336.49. The trade was a 3.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 138,943 shares of company stock valued at $2,622,985 in the last ninety days. Insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OS. Piper Sandler reduced their price target on shares of OneStream from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. BMO Capital Markets reduced their target price on shares of OneStream from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Morgan Stanley reiterated an “overweight” rating on shares of OneStream in a research note on Friday, September 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Wednesday, October 8th. Finally, Mizuho reduced their price objective on OneStream from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, OneStream presently has an average rating of “Moderate Buy” and an average target price of $29.53.

OneStream Trading Up 8.2%

OneStream stock opened at $20.11 on Thursday. The stock has a market cap of $4.88 billion, a P/E ratio of -13.50 and a beta of 2.10. The company has a fifty day simple moving average of $18.89 and a 200-day simple moving average of $22.87. OneStream, Inc. has a 12-month low of $16.51 and a 12-month high of $35.39.

OneStream (NASDAQ:OS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $147.59 million during the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.