Royal Bank of Canada Cuts Stock Position in OneStream, Inc. $OS

Royal Bank of Canada lessened its stake in shares of OneStream, Inc. (NASDAQ:OS) by 98.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,333 shares of the company’s stock after selling 211,110 shares during the period. Royal Bank of Canada’s holdings in OneStream were worth $80,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OS. Norges Bank bought a new stake in OneStream in the fourth quarter worth $109,803,000. Polar Asset Management Partners Inc. purchased a new stake in shares of OneStream in the first quarter worth $70,665,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of OneStream during the fourth quarter valued at $47,648,000. Hsbc Holdings PLC increased its holdings in shares of OneStream by 3,942.9% during the first quarter. Hsbc Holdings PLC now owns 1,595,839 shares of the company’s stock valued at $38,300,000 after acquiring an additional 1,556,366 shares in the last quarter. Finally, Wasatch Advisors LP purchased a new position in shares of OneStream in the 2nd quarter worth about $35,882,000.

OneStream Price Performance

OS opened at $24.00 on Wednesday. The firm has a market cap of $5.90 billion, a PE ratio of -85.71 and a beta of 1.99. The stock has a 50-day moving average price of $24.00 and a 200-day moving average price of $23.92. OneStream, Inc. has a 1 year low of $16.51 and a 1 year high of $29.66.

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.