Alkeon Capital Management LLC lessened its holdings in OneStream, Inc. (NASDAQ:OS – Free Report) by 40.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,000 shares of the company’s stock after selling 325,000 shares during the period. Alkeon Capital Management LLC’s holdings in OneStream were worth $8,730,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of OneStream by 10.1% in the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock worth $158,606,000 after buying an additional 786,408 shares during the period. Norges Bank acquired a new stake in shares of OneStream in the fourth quarter worth $109,803,000. Temasek Holdings Private Ltd boosted its position in OneStream by 44.3% during the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after purchasing an additional 1,310,354 shares during the last quarter. Marshall Wace LLP boosted its position in OneStream by 12.3% during the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company’s stock valued at $51,210,000 after purchasing an additional 304,238 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in OneStream by 4.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company’s stock valued at $49,043,000 after purchasing an additional 122,759 shares during the last quarter.
Wall Street Analyst Weigh In
Separately, BTIG Research cut OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Seventeen research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $24.24.
OneStream Price Performance
NASDAQ OS opened at $24.00 on Tuesday. OneStream, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $29.66. The stock’s 50-day moving average is $24.00 and its two-hundred day moving average is $22.77. The firm has a market cap of $5.90 billion, a P/E ratio of -85.71 and a beta of 1.99.
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.
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