Alberta Investment Management Corp Makes New $1.11 Million Investment in OneStream, Inc. (NASDAQ:OS)

Key Points

• Alberta Investment Management Corp has acquired a new position in OneStream, Inc., purchasing 51,931 shares valued at approximately $1,108,000 during the first quarter.
• Wall Street analysts have mixed opinions on OneStream's stock, with target prices ranging from $27.00 to $33.00, while the general consensus is a "Moderate Buy" rating.
• Insiders have sold a total of 193,973 shares valued at $5.3 million over the last quarter, with significant sales from the Chief Revenue Officer and the CEO.

Alberta Investment Management Corp acquired a new position in shares of OneStream, Inc. (NASDAQ:OS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,931 shares of the company's stock, valued at approximately $1,108,000.

A number of other hedge funds have also modified their holdings of OS. Rhumbline Advisers purchased a new stake in OneStream in the 1st quarter worth approximately $35,000. IFP Advisors Inc grew its stake in shares of OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after buying an additional 624 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of OneStream during the 4th quarter valued at $214,000. Blue Trust Inc. grew its stake in shares of OneStream by 4,980.0% during the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after buying an additional 9,960 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of OneStream during the 4th quarter valued at $238,000.

Insider Buying and Selling at OneStream

In other news, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $25.12, for a total transaction of $502,400.00. Following the sale, the executive directly owned 1,003,163 shares in the company, valued at approximately $25,199,454.56. The trade was a 1.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the sale, the director owned 7,130 shares in the company, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,973 shares of company stock worth $5,300,358 in the last 90 days. 12.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of OneStream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price objective for the company. Raymond James Financial decreased their price objective on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday. Piper Sandler cut their target price on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday. William Blair began coverage on shares of OneStream in a research note on Tuesday, May 20th. They issued an "outperform" rating on the stock. Finally, Scotiabank restated an "outperform" rating on shares of OneStream in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, OneStream has a consensus rating of "Moderate Buy" and a consensus target price of $30.81.

OneStream Trading Down 11.8%

Shares of NASDAQ:OS traded down $2.63 during midday trading on Friday, hitting $19.60. The company's stock had a trading volume of 3,982,762 shares, compared to its average volume of 1,431,724. The stock's 50 day simple moving average is $26.39 and its 200 day simple moving average is $24.97. OneStream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $147.59 million for the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The firm's quarterly revenue was up 25.6% on a year-over-year basis. Equities research analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

OneStream Profile

OneStream, Inc is a holding company, which engages in the development of an artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.