Kayne Anderson Rudnick Investment Management LLC Purchases 2,234,980 Shares of OneStream, Inc. $OS

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in OneStream, Inc. by 53.9%, owning 6,378,130 shares valued at approximately $136.11 million.
• OneStream reported a 25.6% increase in revenue year-over-year, totaling $147.59 million in the latest quarter and exceeding analyst expectations.
• Following recent insider selling, 12.77% of OneStream's stock is currently owned by corporate insiders, with significant sales recorded from major stakeholders.

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in OneStream, Inc. (NASDAQ:OS - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,378,130 shares of the company's stock after purchasing an additional 2,234,980 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 2.67% of OneStream worth $136,109,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers purchased a new position in shares of OneStream in the 1st quarter worth about $35,000. IFP Advisors Inc boosted its stake in OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the last quarter. Hsbc Holdings PLC purchased a new position in OneStream in the fourth quarter valued at about $238,000. Schonfeld Strategic Advisors LLC bought a new position in shares of OneStream during the 4th quarter valued at approximately $242,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of OneStream during the 4th quarter worth approximately $244,000.

OneStream Price Performance

OS stock traded down $0.49 during midday trading on Thursday, reaching $19.83. The company had a trading volume of 868,778 shares, compared to its average volume of 1,492,078. The firm has a 50-day moving average price of $24.03 and a 200-day moving average price of $24.04. The company has a market capitalization of $4.82 billion and a P/E ratio of -13.31. 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 quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS 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 firm had revenue of $147.59 million for the quarter, compared to the consensus estimate of $141.10 million. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, equities analysts predict that OneStream, Inc. will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James Financial lowered their target price on OneStream from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. 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 report on Friday, August 8th. Citigroup reiterated a "neutral" rating and issued a $29.00 target price (up previously from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Bank of America upped their price target on shares of OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Mizuho reduced their price objective on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, OneStream currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.94.

Insider Buying and Selling at OneStream

In related news, CEO Thomas Anthony Shea sold 9,913 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $279,843.99. Following the transaction, the chief executive officer owned 496,854 shares in the company, valued at $14,026,188.42. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 237,839 shares of the company's stock, valued at $5,945,975. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,973 shares of company stock worth $4,459,158 over the last ninety days. 12.77% of the stock is owned by company insiders.

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.