Canada Pension Plan Investment Board Buys Shares of 106,400 OneStream, Inc. $OS

Key Points

• The Canada Pension Plan Investment Board acquired a 106,400 shares of OneStream, Inc. stock worth approximately $2.27 million in the first quarter.
• Insider selling activity reported significant transactions, including CRO Ken Hohenstein selling 20,000 shares for approximately $431,200, representing a 1.95% decrease in his position.
• Analysts have adjusted price targets for OneStream, with Piper Sandler reducing their target from $34 to $28, while Stephen's raised theirs from $27 to $30.

Canada Pension Plan Investment Board acquired a new position in OneStream, Inc. (NASDAQ:OS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 106,400 shares of the company's stock, valued at approximately $2,271,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Primecap Management Co. CA grew its holdings in OneStream by 0.3% during the 1st quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock valued at $3,096,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System grew its holdings in OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after buying an additional 454 shares in the last quarter. IFP Advisors Inc grew its holdings in OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after buying an additional 624 shares in the last quarter. Norden Group LLC grew its holdings in OneStream by 3.7% during the 1st quarter. Norden Group LLC now owns 21,906 shares of the company's stock valued at $467,000 after buying an additional 788 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in OneStream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock valued at $254,000 after buying an additional 1,500 shares in the last quarter.

Insider Activity

In other news, CFO William A. Koefoed sold 25,000 shares of the company's 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 transaction, the chief financial officer directly owned 237,839 shares of the company's stock, valued at $5,945,975. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Kinzer sold 30,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the transaction, the director directly owned 7,130 shares in the company, valued at approximately $201,493.80. The trade was a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,000 shares of company stock valued at $3,641,250 over the last ninety days. 12.77% of the stock is currently owned by corporate insiders.

OneStream Stock Down 3.9%

Shares of NASDAQ OS traded down $0.77 during trading on Wednesday, reaching $19.02. The company had a trading volume of 1,955,362 shares, compared to its average volume of 1,751,756. OneStream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The stock has a market cap of $4.62 billion, a PE ratio of -12.77 and a beta of 2.30. The business's 50-day moving average is $22.58 and its 200 day moving average is $23.63.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $147.59 million for the quarter, compared to the consensus estimate 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% 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, analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OS. Raymond James Financial dropped their price target on OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. William Blair began coverage on OneStream in a research report on Tuesday, May 20th. They set an "outperform" rating for the company. Bank of America lifted their price target on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Mizuho dropped their price target on OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Finally, Citigroup restated a "neutral" rating and issued a $29.00 target price (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, OneStream has an average rating of "Moderate Buy" and an average price target of $29.94.

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.