Alberta Investment Management Corp Makes New 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) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,931 shares of the company's stock, valued at approximately $1,108,000.

Several other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake in shares of OneStream by 3.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock valued at $107,948,000 after purchasing an additional 115,176 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OneStream by 51.2% during the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after purchasing an additional 1,268,733 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of OneStream during the fourth quarter valued at approximately $98,076,000. TimesSquare Capital Management LLC grew its stake in shares of OneStream by 28.3% during the first quarter. TimesSquare Capital Management LLC now owns 2,699,645 shares of the company's stock valued at $57,610,000 after purchasing an additional 595,839 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in OneStream by 16,651.6% in the first quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after buying an additional 2,430,302 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OS shares. Morgan Stanley cut their target price on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. BNP Paribas started coverage on shares of OneStream in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price on the stock. Mizuho increased their target price on shares of OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Bank of America increased their target price on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Citigroup reiterated a "neutral" rating and issued a $29.00 target price (up from $27.00) on shares of OneStream in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.05.

OneStream Stock Down 2.7%

Shares of OS stock opened at $23.21 on Monday. The company has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $25.07. OneStream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The business had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. Equities research analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity

In other news, CRO Ken Hohenstein sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $25.12, for a total value of $502,400.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Anthony Shea sold 9,913 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the completion of the transaction, the chief executive officer owned 496,854 shares of the company's stock, valued at $14,026,188.42. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,973 shares of company stock valued at $5,300,358 over the last quarter. 12.77% of the stock is owned by corporate insiders.

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.

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