OneStream, Inc. $OS Position Cut by Alkeon Capital Management LLC

Alkeon Capital Management LLC trimmed its stake in OneStream, Inc. (NASDAQ:OS) by 40.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 475,000 shares of the company’s stock after selling 325,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.19% of OneStream worth $8,730,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OS. Royal Bank of Canada lifted its stake in OneStream by 588.4% in the first quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after buying an additional 54,505 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in OneStream by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock valued at $23,530,000 after buying an additional 371,520 shares during the last quarter. Rhumbline Advisers bought a new stake in OneStream in the first quarter valued at $35,000. Cetera Investment Advisers bought a new stake in OneStream in the second quarter valued at $343,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in OneStream in the 2nd quarter valued at approximately $370,000.

Wall Street Analysts Forecast Growth

Separately, BTIG Research cut OneStream from a “buy” rating to a “hold” rating in a research report on Friday, February 27th. Seventeen equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, OneStream currently has a consensus rating of “Reduce” and an average price target of $24.24.

OneStream Price Performance

OS opened at $24.00 on Tuesday. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66. 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 moving average price is $24.00 and its 200 day moving average price is $22.77.

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.