Dakota Wealth Management Takes Position in OneStream, Inc. $OS

Key Points

• Dakota Wealth Management acquired a stake of 35,202 shares in OneStream, Inc. during Q2, valued at approximately $996,000.
• Several large investors, including T. Rowe Price and Temasek Holdings, significantly increased their positions in OneStream, indicating strong institutional interest.
• OneStream reported earnings of $0.05 per share in its last quarter, exceeding expectations, and projected FY 2025 earnings guidance between $0.070 and $0.150.

Dakota Wealth Management acquired a new stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 35,202 shares of the company's stock, valued at approximately $996,000.

A number of other large investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in 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. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 worth $136,109,000 after purchasing an additional 2,234,980 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in OneStream by 17.4% in the 1st quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock worth $86,162,000 after purchasing an additional 598,757 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in OneStream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock worth $63,089,000 after purchasing an additional 2,828,209 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in OneStream by 15.5% in the 1st quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company's stock worth $60,761,000 after acquiring an additional 381,601 shares during the last quarter.

Insider Activity

In related news, CFO William A. Koefoed sold 25,000 shares of the business'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 completion of the transaction, the chief financial officer owned 237,839 shares in the company, valued at $5,945,975. 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 through this hyperlink. Also, Director John Kinzer sold 30,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.00, for a total value of $600,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,943 shares of company stock valued at $3,076,385. 12.77% of the stock is currently owned by insiders.

OneStream Stock Performance

NASDAQ OS opened at $19.71 on Friday. The company has a market cap of $4.79 billion, a P/E ratio of -13.23 and a beta of 2.30. The business's 50 day moving average price is $21.10 and its 200-day moving average price is $23.35. OneStream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last released its 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 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 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 predict that OneStream, Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on OS shares. BMO Capital Markets reduced their price objective on OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wedbush reduced their price objective on OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Mizuho reduced their price objective on OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of OneStream in a research note on Friday, September 19th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $29.00 price objective (up previously from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.

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