Counterpoint Mutual Funds LLC Makes New $480,000 Investment in OneStream, Inc. $OS

Counterpoint Mutual Funds LLC acquired a new position in OneStream, Inc. (NASDAQ:OS) during the third quarter, Holdings Channel.com reports. The firm acquired 26,062 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in shares of OneStream during the 1st quarter valued at about $35,000. Advisors Asset Management Inc. raised its position in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after acquiring an additional 585 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in OneStream by 44.9% in the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock valued at $46,000 after acquiring an additional 499 shares during the period. KBC Group NV purchased a new stake in OneStream in the 2nd quarter worth approximately $58,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of OneStream during the 3rd quarter worth approximately $144,000.

Insider Transactions at OneStream

In related news, CAO Pamela Mcintyre sold 6,505 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $23.58, for a total value of $153,387.90. Following the completion of the transaction, the chief accounting officer directly owned 58,847 shares of the company’s stock, valued at approximately $1,387,612.26. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 9,571 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $17.73, for a total value of $169,693.83. Following the completion of the transaction, the chief financial officer owned 206,127 shares in the company, valued at $3,654,631.71. The trade was a 4.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 236,076 shares of company stock valued at $5,254,682 over the last ninety days. Insiders own 12.77% of the company’s stock.

OneStream Trading Down 0.3%

Shares of OneStream stock opened at $23.48 on Wednesday. OneStream, Inc. has a twelve month low of $16.51 and a twelve month high of $29.66. The firm has a market capitalization of $5.72 billion, a PE ratio of -48.92 and a beta of 2.03. The firm’s 50-day moving average price is $22.16 and its 200 day moving average price is $20.38.

Wall Street Analysts Forecast Growth

OS has been the subject of several analyst reports. Wolfe Research cut shares of OneStream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Loop Capital lowered shares of OneStream from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $24.00 in a research note on Wednesday, January 7th. Robert W. Baird set a $24.00 target price on OneStream in a research report on Tuesday, January 6th. Needham & Company LLC cut OneStream from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Finally, Mizuho reiterated a “neutral” rating and set a $24.00 price target (down from $25.00) on shares of OneStream in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.38.

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.