Alliancebernstein L.P. Purchases 381,601 Shares of OneStream, Inc. $OS

Alliancebernstein L.P. lifted its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,847,280 shares of the company's stock after acquiring an additional 381,601 shares during the period. Alliancebernstein L.P. owned 1.19% of OneStream worth $60,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in shares of OneStream in the first quarter valued at $35,000. IFP Advisors Inc lifted its holdings in OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the last quarter. Blue Trust Inc. lifted its holdings in OneStream by 4,980.0% in the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after acquiring an additional 9,960 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in OneStream in the 4th quarter valued at about $238,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in OneStream during the fourth quarter valued at approximately $242,000.

OneStream Stock Performance

Shares of NASDAQ OS traded down $0.29 during mid-day trading on Friday, reaching $19.01. The company had a trading volume of 646,164 shares, compared to its average volume of 1,498,508. The stock has a fifty day moving average of $22.43 and a two-hundred day moving average of $23.60. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -12.73 and a beta of 2.30. OneStream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The business had revenue of $147.59 million during the quarter, compared to analyst estimates of $141.10 million. OneStream's revenue for the quarter was up 25.6% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. Sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 25,000 shares of the stock in a transaction on 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 approximately $5,945,975. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Ken Hohenstein sold 20,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $21.56, for a total value of $431,200.00. Following the sale, the executive owned 1,003,163 shares of the company's stock, valued at approximately $21,628,194.28. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,000 shares of company stock worth $3,641,250. Corporate insiders own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler cut their price objective on OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. William Blair started coverage on OneStream in a report on Tuesday, May 20th. They set an "outperform" rating for the company. Wedbush reduced their target price on OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, August 8th. BMO Capital Markets reduced their price objective on shares of OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, Raymond James Financial reduced their price objective on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, OneStream has an average rating of "Moderate Buy" and a consensus target price of $29.94.

OneStream Company 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.