2,526,261 Shares in OneStream, Inc. $OS Acquired by Alkeon Capital Management LLC

Key Points

• Alkeon Capital Management LLC has invested approximately $53.91 million in OneStream, Inc., acquiring 2,526,261 shares of the company, which represents 1.06% ownership.
• OneStream's quarterly earnings report showed a revenue increase of 25.6% year-over-year, totaling $147.59 million, while EPS for the quarter was reported at $0.05.
• Investors like T. Rowe Price and Brown Advisory significantly increased their stakes in OneStream, with T. Rowe Price raising its position by 136.1% and Brown Advisory by 16,651.6% in the first quarter.

Alkeon Capital Management LLC bought a new stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,526,261 shares of the company's stock, valued at approximately $53,910,000. Alkeon Capital Management LLC owned about 1.06% of OneStream at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OS. Rhumbline Advisers bought a new stake in OneStream during the first quarter valued at approximately $35,000. IFP Advisors Inc lifted its position in OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after purchasing an additional 624 shares during the last quarter. Blue Trust Inc. lifted its position in OneStream by 4,980.0% during the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after purchasing an additional 9,960 shares during the last quarter. Hsbc Holdings PLC bought a new stake in OneStream during the fourth quarter valued at approximately $238,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in OneStream during the fourth quarter valued at approximately $242,000.

OneStream Price Performance

OneStream stock traded up $0.10 during mid-day trading on Friday, reaching $19.76. 1,588,636 shares of the company traded hands, compared to its average volume of 2,061,625. The firm's 50 day moving average price is $23.02 and its 200 day moving average price is $23.74. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of -13.26 and a beta of 2.30. 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, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $147.59 million for the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The firm's revenue was up 25.6% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, sell-side analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

OS has been the topic of several research reports. Mizuho decreased their price target on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wedbush decreased their price target on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Citigroup reissued a "neutral" rating and set a $29.00 price target (up from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Stephens lifted their price target on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Bank of America lifted their price target on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.94.

Insider Transactions at OneStream

In other news, Director John Kinzer sold 30,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the sale, the director directly owned 7,130 shares of the company's stock, valued at $201,493.80. This represents a 80.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the chief financial officer directly owned 237,839 shares in the company, valued at $5,945,975. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,973 shares of company stock worth $4,459,158. 12.77% of the stock is owned by insiders.

About OneStream

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.