OneStream, Inc. $OS Shares Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its stake in OneStream, Inc. by 10.3%, acquiring an additional 68,100 shares, bringing its total ownership to 727,425 shares valued at $15,523,000.
• OneStream's recent quarter showed a revenue of $147.59 million, exceeding analysts' expectations, with earnings per share of $0.05, surpassing the forecast of $0.01.
• Despite positive quarterly results, OneStream's stock recently traded down 1.5%, with a current share price of $19.66 and a market capitalization of $4.77 billion.

Alyeska Investment Group L.P. lifted its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 727,425 shares of the company's stock after purchasing an additional 68,100 shares during the quarter. Alyeska Investment Group L.P. owned about 0.30% of OneStream worth $15,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OS. T. Rowe Price Investment Management Inc. boosted its position in shares of OneStream by 136.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock worth $190,731,000 after purchasing an additional 5,152,719 shares in the last quarter. Alkeon Capital Management LLC bought a new position in OneStream in the 1st quarter valued at approximately $53,910,000. Brown Advisory Inc. lifted its position in OneStream by 16,651.6% in the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after acquiring an additional 2,430,302 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in OneStream by 53.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after acquiring an additional 2,234,980 shares in the last quarter. Finally, Millennium Management LLC lifted its position in OneStream by 2,013.5% in the 4th quarter. Millennium Management LLC now owns 764,512 shares of the company's stock valued at $21,804,000 after acquiring an additional 728,339 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OS. Piper Sandler lowered their price objective on OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Citigroup reaffirmed a "neutral" rating and issued a $29.00 price objective (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Wedbush lowered their price objective on OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. William Blair began coverage on OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Finally, Raymond James Financial lowered their price objective on OneStream from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Sixteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.94.

OneStream Stock Performance

Shares of NASDAQ OS traded down $0.22 during midday trading on Wednesday, hitting $19.57. 302,784 shares of the stock traded hands, compared to its average volume of 1,493,627. The firm has a 50-day moving average of $22.73 and a two-hundred day moving average of $23.67. The firm has a market capitalization of $4.75 billion, a P/E ratio of -13.14 and a beta of 2.30. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $147.59 million for the quarter, compared to analysts' expectations of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The firm's revenue 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. Equities analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 25,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares of the company's stock, valued at approximately $5,945,975. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $21.56, for a total transaction of $431,200.00. Following the completion of the sale, the executive directly owned 1,003,163 shares of the company's stock, valued at approximately $21,628,194.28. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,000 shares of company stock worth $3,641,250. Corporate insiders own 12.77% of the company's stock.

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.