Magnetar Financial LLC Invests $281,000 in OneStream, Inc. $OS

Key Points

• Magnetar Financial LLC recently acquired a new position in OneStream, Inc. valued at approximately $281,000, purchasing 13,155 shares during the first quarter.
• OneStream's stock has shown a 4.8% increase, with current trading at $20.79 and a market cap of $5.05 billion.
• The company reported earnings of $0.05 per share for the last quarter, surpassing estimates, and revealed a 25.6% year-over-year revenue increase to $147.59 million.

Magnetar Financial LLC bought a new stake in OneStream, Inc. (NASDAQ:OS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,155 shares of the company's stock, valued at approximately $281,000.

Several other hedge funds have also made changes to their positions in OS. Rhumbline Advisers acquired a new stake in shares of OneStream during the first quarter worth about $35,000. IFP Advisors Inc raised its holdings 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 in the last quarter. Blue Trust Inc. raised its holdings in OneStream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after acquiring an additional 9,960 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in OneStream in the fourth quarter valued at approximately $238,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in OneStream in the fourth quarter valued at approximately $242,000.

OneStream Stock Up 0.5%

Shares of NASDAQ OS traded up $0.10 during mid-day trading on Friday, hitting $19.76. 1,588,636 shares of the company were exchanged, compared to its average volume of 2,061,625. The stock has a 50 day simple moving average of $23.02 and a 200-day simple moving average of $23.74. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -13.26 and a beta of 2.30.

OneStream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The company had revenue of $147.59 million during the quarter, compared to the consensus estimate of $141.10 million. The company's revenue for the quarter 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. Analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup reaffirmed 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. Bank of America increased 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. Mizuho dropped their price target on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wedbush dropped their price target on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Stephens raised their target price on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.94.

Insider Buying and Selling at OneStream

In other news, CFO William A. Koefoed sold 25,000 shares of OneStream 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 of the company's stock, valued at $5,945,975. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Craig Colby sold 6,279 shares of OneStream stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $177,256.17. Following the transaction, the insider directly owned 212,885 shares of the company's stock, valued at $6,009,743.55. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,973 shares of company stock worth $4,459,158. Insiders own 12.77% of the company's stock.

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.