CenterBook Partners LP Acquires 23,513 Shares of OneStream, Inc. $OS

CenterBook Partners LP boosted its holdings in shares of OneStream, Inc. (NASDAQ:OS) by 90.1% in the fourth quarter, Holdings Channel reports. The firm owned 49,621 shares of the company’s stock after purchasing an additional 23,513 shares during the quarter. CenterBook Partners LP’s holdings in OneStream were worth $912,000 at the end of the most recent reporting period.

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

OneStream Price Performance

NASDAQ OS opened at $24.00 on Thursday. The firm 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 is $24.00 and its 200-day moving average is $22.70. OneStream, Inc. has a one year low of $16.51 and a one year high of $29.66.

Wall Street Analyst Weigh In

Separately, BTIG Research cut shares of 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneStream currently has an average rating of “Reduce” and an average price target of $24.24.

Insider Activity at OneStream

In other news, CRO Ken Hohenstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $23.62, for a total transaction of $236,200.00. Following the sale, the executive owned 985,571 shares of the company’s stock, valued at $23,279,187.02. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.77% of the stock is currently owned by corporate insiders.

About OneStream

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.