Jacobs Levy Equity Management Inc. Takes $10.40 Million Position in OneStream, Inc. $OS

Jacobs Levy Equity Management Inc. bought a new position in shares of OneStream, Inc. (NASDAQ:OS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 487,310 shares of the company's stock, valued at approximately $10,399,000. Jacobs Levy Equity Management Inc. owned approximately 0.20% of OneStream as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Champlain Investment Partners LLC raised its position in shares of OneStream by 17.4% during the 1st quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock worth $86,162,000 after acquiring an additional 598,757 shares in the last quarter. Bank of America Corp DE grew its stake in shares of OneStream by 350.8% in the 4th quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock valued at $1,040,000 after purchasing an additional 28,379 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter valued at approximately $35,000. Bessemer Group Inc. grew its stake in shares of OneStream by 20.1% in the 1st quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock valued at $1,385,000 after purchasing an additional 10,883 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of OneStream in the 4th quarter valued at approximately $428,000.

OneStream Price Performance

OS traded down $0.33 during trading on Friday, reaching $18.97. 1,985,896 shares of the stock were exchanged, compared to its average volume of 1,747,533. The business's 50 day moving average price is $22.27 and its two-hundred day moving average price is $23.56. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of -12.73 and a beta of 2.30. 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 posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The company 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 EPS for the current year.

Insiders Place Their Bets

In other OneStream news, Director John Kinzer sold 30,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $28.26, for a total transaction of $847,800.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $625,000.00. Following the sale, the chief financial officer owned 237,839 shares in the company, valued at approximately $5,945,975. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,000 shares of company stock worth $3,641,250. 12.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets lowered their target price on OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Mizuho dropped their price objective on OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Citigroup reissued a "neutral" rating and issued a $29.00 target price (up previously from $27.00) on shares of OneStream in a report on Wednesday, July 16th. William Blair started coverage on OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating for the company. Finally, Raymond James Financial reduced their target price on OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, OneStream has an average rating of "Moderate Buy" and an average price target 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.