American Century Companies Inc. Buys 214,103 Shares of OneStream, Inc. $OS

Key Points

• American Century Companies Inc. increased its stake in OneStream, Inc. by 19.6%, acquiring an additional 214,103 shares valued at approximately $27.9 million.
• Insiders at OneStream have sold substantial amounts of stock, with CEO Thomas Anthony Shea selling 9,913 shares and CRO Ken Hohenstein selling 20,000 shares, indicating a decrease in their positions.
• Equities analysts have mixed opinions on OneStream, with Bank of America raising its price target from $29.00 to $33.00, while others such as Wedbush and BMO Capital Markets reduced theirs, reflecting ongoing market fluctuations.

American Century Companies Inc. grew its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,307,613 shares of the company's stock after purchasing an additional 214,103 shares during the period. American Century Companies Inc. owned approximately 0.55% of OneStream worth $27,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of OS. Rhumbline Advisers bought a new stake in OneStream during the 1st quarter worth approximately $35,000. IFP Advisors Inc raised its stake in OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after buying an additional 624 shares during the period. Blue Trust Inc. raised its stake in OneStream by 4,980.0% during the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock worth $217,000 after buying an additional 9,960 shares during the period. Hsbc Holdings PLC acquired a new stake in OneStream during the 4th quarter worth $238,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in OneStream during the 4th quarter worth about $242,000.

Insiders Place Their Bets

In other news, CEO Thomas Anthony Shea sold 9,913 shares of OneStream stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $279,843.99. Following the completion of the transaction, the chief executive officer directly owned 496,854 shares of the company's stock, valued at approximately $14,026,188.42. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $21.56, for a total value of $431,200.00. Following the completion of the transaction, the executive directly owned 1,003,163 shares of the company's stock, valued at approximately $21,628,194.28. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,973 shares of company stock valued at $5,178,158. Insiders own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OS shares. Bank of America increased their target price on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Wedbush cut their target price on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. BMO Capital Markets cut their target price 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. William Blair initiated coverage on shares of OneStream in a research report on Tuesday, May 20th. They set an "outperform" rating for the company. Finally, Mizuho cut their price objective on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.94.

OneStream Stock Up 2.9%

Shares of OneStream stock opened at $20.41 on Friday. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of -13.70. The company's fifty day moving average is $24.54 and its 200 day moving average is $24.24.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $147.59 million for the quarter, compared to analysts' expectations of $141.10 million. The business's quarterly 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. As a group, equities analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.

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