OneStream, Inc. $OS Position Trimmed by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its holdings in OneStream, Inc. by 32.8%, now owning 44,767 shares worth approximately $955,000 after selling 21,892 shares in the first quarter.
• Insider selling reports indicate that both CRO Ken Hohenstein and CFO William A. Koefoed sold significant shares recently, with Hohenstein selling 20,000 shares and Koefoed selling 25,000 shares, leading to decreases in their respective ownership percentages.
• After its latest earnings report, OneStream achieved a revenue of $147.59 million, exceeding analyst estimates and showing a year-over-year revenue increase of 25.6%.

Russell Investments Group Ltd. trimmed its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 32.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 44,767 shares of the company's stock after selling 21,892 shares during the quarter. Russell Investments Group Ltd.'s holdings in OneStream were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC lifted its stake in OneStream by 28.3% in the first quarter. TimesSquare Capital Management LLC now owns 2,699,645 shares of the company's stock valued at $57,610,000 after buying an additional 595,839 shares during the last quarter. Brown Advisory Inc. lifted its stake in OneStream by 16,651.6% in the first quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after buying an additional 2,430,302 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in OneStream by 74.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,482,984 shares of the company's stock valued at $31,647,000 after buying an additional 635,167 shares during the last quarter. Federated Hermes Inc. lifted its stake in OneStream by 70.0% in the first quarter. Federated Hermes Inc. now owns 850,000 shares of the company's stock valued at $18,139,000 after buying an additional 350,000 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in OneStream by 2,013.5% in the fourth quarter. Millennium Management LLC now owns 764,512 shares of the company's stock valued at $21,804,000 after buying an additional 728,339 shares during the last quarter.

OneStream Trading Down 1.9%

NASDAQ:OS traded down $0.38 during mid-day trading on Wednesday, reaching $19.73. 591,497 shares of the stock were exchanged, compared to its average volume of 1,495,649. The business has a fifty day moving average price of $23.47 and a 200 day moving average price of $23.84. The firm has a market capitalization of $4.79 billion, a PE ratio of -13.25 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 issued its quarterly 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 for the quarter, compared to analysts' expectations of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The company's quarterly revenue 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, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Transactions at OneStream

In related news, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $21.56, for a total value of $431,200.00. Following the transaction, the executive owned 1,003,163 shares of the company's stock, valued at approximately $21,628,194.28. This trade represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Craig Colby sold 6,279 shares of OneStream stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the transaction, the insider directly owned 212,885 shares in the company, valued at $6,009,743.55. This represents a 2.86% decrease in their position. 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 in the last three months. Insiders own 12.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup restated a "neutral" rating and set a $29.00 price objective (up from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Stephens lifted their price objective on shares of OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wedbush cut their price objective 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. Piper Sandler cut their price objective on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, Raymond James Financial cut their price objective on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.94.

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.