Acadian Asset Management LLC Sells 205,156 Shares of OneStream, Inc. $OS

Key Points

• Acadian Asset Management LLC has significantly reduced its stake in OneStream, selling 205,156 shares and lowering its ownership by 77.7% to 59,017 shares valued at approximately $1.26 million.
• Insiders have sold a total of 168,943 shares of OneStream stock over the last 90 days, highlighting recent insider activity as executives adjust their holdings.
• OneStream's stock is currently trading at $19.43, reflecting a 0.4% increase, while the company reported a revenue increase of 25.6% year-over-year with earnings per share of $0.05 for the last quarter.

Acadian Asset Management LLC reduced its stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 77.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,017 shares of the company's stock after selling 205,156 shares during the period. Acadian Asset Management LLC's holdings in OneStream were worth $1,256,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. increased its stake in shares of OneStream by 136.1% in the first 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 during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of OneStream by 53.9% in the first 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 during the period. Champlain Investment Partners LLC increased its stake in shares of OneStream by 17.4% in the first 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 during the period. Temasek Holdings Private Ltd increased its stake in shares of OneStream by 2,206.9% in the first 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 during the period. Finally, Alliancebernstein L.P. increased its stake in shares of OneStream by 15.5% in the first quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company's stock worth $60,761,000 after purchasing an additional 381,601 shares during the period.

Insiders Place Their Bets

In other news, CRO Ken Hohenstein sold 40,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total transaction of $747,600.00. Following the completion of the transaction, the executive directly owned 997,062 shares in the company, valued at $18,635,088.78. This represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of the 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 transaction, the chief financial officer owned 237,839 shares of the company's stock, valued at approximately $5,945,975. This represents 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 sold 138,943 shares of company stock valued at $3,145,635. Company insiders own 12.77% of the company's stock.

OneStream Stock Performance

NASDAQ OS traded up $0.41 on Friday, reaching $19.84. The company had a trading volume of 2,552,826 shares, compared to its average volume of 1,520,734. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of -13.32 and a beta of 2.31. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The company's fifty day moving average is $21.61 and its 200-day moving average is $23.43.

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

Analyst Ratings Changes

OS has been the topic of a number of recent analyst reports. BMO Capital Markets dropped 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. Mizuho dropped 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. Piper Sandler dropped their price objective on OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Citigroup reiterated a "neutral" rating and issued a $29.00 price objective (up from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Finally, Morgan Stanley reissued an "overweight" rating on shares of OneStream in a research report on Friday. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, OneStream has an average rating of "Moderate Buy" and a consensus target price of $29.94.

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.