Norden Group LLC Purchases 16,483 Shares of OneStream, Inc. $OS

Key Points

• Norden Group LLC increased its stake in OneStream, Inc. by 75.2%, acquiring an additional 16,483 shares in the second quarter, bringing its total holdings to 38,389 shares, valued at $1,086,000.
• Several institutional investors have also recently altered their positions in OneStream, with purchases by firms like Blue Trust Inc. and Moody National Bank Trust Division, reflecting growing interest in the company.
• OneStream's stock received mixed ratings from analysts, with Citigroup maintaining a "neutral" rating and a price target increase to $29.00, while Raymond James downgraded their target from $29.00 to $27.00.

Norden Group LLC grew its position in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 75.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,389 shares of the company's stock after purchasing an additional 16,483 shares during the period. Norden Group LLC's holdings in OneStream were worth $1,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers purchased a new position in OneStream during the first quarter worth about $35,000. IFP Advisors Inc boosted its position in shares of 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 acquiring an additional 624 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of OneStream by 4,980.0% during the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock worth $217,000 after purchasing an additional 9,960 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of OneStream in the second quarter worth approximately $237,000. Finally, Mechanics Bank Trust Department purchased a new stake in OneStream in the second quarter valued at approximately $245,000.

Insider Transactions at OneStream

In related news, Director John Kinzer sold 30,000 shares of OneStream 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Ken Hohenstein sold 40,000 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total transaction of $747,600.00. Following the sale, the executive owned 997,062 shares of the company's stock, valued at $18,635,088.78. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,943 shares of company stock worth $3,076,385. Insiders own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OS. Citigroup reissued a "neutral" rating and issued a $29.00 price target (up previously from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Raymond James Financial cut their target price on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Piper Sandler lowered their price target on OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Morgan Stanley reiterated an "overweight" rating on shares of OneStream in a report on Friday, September 19th. Finally, Wedbush reduced their price objective on OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, OneStream has a consensus rating of "Moderate Buy" and an average target price of $29.94.

OneStream Trading Down 1.0%

Shares of NASDAQ:OS opened at $19.82 on Thursday. The stock has a market capitalization of $4.81 billion, a P/E ratio of -13.30 and a beta of 2.30. The stock's 50-day moving average price is $21.31 and its 200-day moving average price is $23.36. OneStream, Inc. has a 12-month low of $16.69 and a 12-month 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 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 analyst estimates 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. As a group, research analysts predict that OneStream, Inc. will post 0.05 EPS for the current year.

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.

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