OneStream, Inc. (NASDAQ:OS) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in OneStream, Inc. (NASDAQ:OS - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,893 shares of the company's stock after purchasing an additional 10,883 shares during the period. Bessemer Group Inc.'s holdings in OneStream were worth $1,385,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OS. New York State Common Retirement Fund raised its position in shares of OneStream by 80.7% in the fourth quarter. New York State Common Retirement Fund now owns 26,581 shares of the company's stock valued at $758,000 after purchasing an additional 11,867 shares during the period. IFP Advisors Inc purchased a new stake in OneStream in the fourth quarter worth approximately $168,000. Bank of New York Mellon Corp bought a new position in shares of OneStream during the 4th quarter valued at $239,000. Charles Schwab Investment Management Inc. grew its stake in shares of OneStream by 54.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,138 shares of the company's stock valued at $7,277,000 after buying an additional 89,431 shares during the last quarter. Finally, Arizona State Retirement System purchased a new position in OneStream in the 4th quarter worth approximately $322,000.

OneStream Stock Performance

NASDAQ OS traded up $0.17 during trading hours on Thursday, reaching $26.75. The company's stock had a trading volume of 848,262 shares, compared to its average volume of 1,223,515. The company's 50-day moving average is $26.76 and its two-hundred day moving average is $25.59. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OS. 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. William Blair initiated coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Mizuho raised their target price on shares of OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets lifted their price target on OneStream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Wedbush lowered their price objective on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.19.

Insider Activity

In other news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $26.77, for a total value of $669,250.00. Following the sale, the chief financial officer directly owned 237,839 shares of the company's stock, valued at approximately $6,366,950.03. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $27.67, for a total value of $553,400.00. Following the transaction, the executive owned 1,009,443 shares in the company, valued at $27,931,287.81. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,973 shares of company stock worth $4,984,158. Insiders own 12.77% of the company's stock.

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.