M&T Bank Corp Trims Stock Holdings in OneStream, Inc. $OS

M&T Bank Corp decreased its position in OneStream, Inc. (NASDAQ:OS) by 50.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,118 shares of the company’s stock after selling 22,282 shares during the period. M&T Bank Corp’s holdings in OneStream were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of OneStream during the 3rd quarter valued at about $27,000. Rhumbline Advisers purchased a new position in shares of OneStream in the first quarter valued at approximately $35,000. CWM LLC acquired a new stake in shares of OneStream in the fourth quarter worth approximately $181,000. Magnetar Financial LLC boosted its stake in shares of OneStream by 12.6% in the third quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock worth $201,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of OneStream during the third quarter worth approximately $203,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OS shares. Piper Sandler set a $24.00 price objective on OneStream in a report on Monday, February 2nd. Citigroup cut shares of OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. UBS Group set a $24.00 price target on shares of OneStream in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. Finally, BTIG Research cut shares of OneStream from a “buy” rating to a “hold” rating in a research note on Friday, February 27th. Seventeen research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $24.24.

Insider Activity

In related news, CAO Pamela Mcintyre sold 2,015 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $47,715.20. Following the transaction, the chief accounting officer directly owned 55,800 shares in the company, valued at approximately $1,321,344. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Scott Leshinski sold 7,412 shares of the firm’s stock in a transaction on 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 trade represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 128,631 shares of company stock valued at $3,027,262. 12.77% of the stock is currently owned by company insiders.

OneStream Price Performance

Shares of OneStream stock opened at $24.00 on Thursday. The stock has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99. The stock’s 50 day simple moving average is $23.90 and its 200-day simple moving average is $22.16. OneStream, Inc. has a 1-year low of $16.51 and a 1-year high of $29.66.

OneStream (NASDAQ:OS) last issued its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The business had revenue of $163.73 million for the quarter, compared to analysts’ expectations of $157.28 million. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. As a group, research analysts expect that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

OneStream 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.