Northwestern Mutual Wealth Management Co. Has $2.23 Million Holdings in OneStream, Inc. $OS

Northwestern Mutual Wealth Management Co. increased its holdings in OneStream, Inc. (NASDAQ:OS) by 93,148.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,223 shares of the company’s stock after acquiring an additional 121,093 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in OneStream were worth $2,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OS. Advisory Services Network LLC acquired a new stake in shares of OneStream in the 3rd quarter worth about $27,000. Rhumbline Advisers acquired a new stake in shares of OneStream in the 1st quarter worth about $35,000. CWM LLC acquired a new stake in shares of OneStream in the 4th quarter worth about $181,000. Magnetar Financial LLC raised its holdings in shares of OneStream by 12.6% in the 3rd 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, Blue Trust Inc. raised its holdings in shares of OneStream by 5,507.5% in the 4th quarter. Blue Trust Inc. now owns 11,215 shares of the company’s stock worth $206,000 after acquiring an additional 11,015 shares during the last quarter.

OneStream Stock Performance

NASDAQ:OS opened at $24.00 on Wednesday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. OneStream, Inc. has a 52 week low of $16.51 and a 52 week high of $29.66. The firm has a 50-day moving average price of $23.96 and a two-hundred day moving average price of $22.49.

OneStream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. The firm had revenue of $163.73 million during the quarter, compared to analyst estimates of $157.28 million. OneStream had a negative net margin of 8.36% and a positive return on equity of 11.28%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OS. Piper Sandler set a $24.00 target price on shares of OneStream in a report on Monday, February 2nd. BTIG Research lowered shares of OneStream from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Seventeen analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, OneStream currently has a consensus rating of “Reduce” and an average target price of $24.24.

Insider Buying and Selling at OneStream

In other OneStream news, CRO Ken Hohenstein sold 10,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $23.62, for a total value of $236,200.00. Following the completion of the sale, the executive owned 985,571 shares in the company, valued at approximately $23,279,187.02. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Pamela Mcintyre sold 2,015 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total transaction of $47,715.20. Following the completion of the sale, the chief accounting officer owned 55,800 shares of the company’s stock, valued at approximately $1,321,344. This trade represents a 3.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,631 shares of company stock worth $1,619,662. Insiders own 12.77% of the company’s stock.

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.