16,085 Shares in OneStream, Inc. $OS Acquired by Optimize Financial Inc

Key Points

• Optimize Financial Inc has acquired 16,085 shares of OneStream, Inc., valued at approximately $343,000, according to its SEC filing.
• Major investors like T. Rowe Price and Brown Advisory significantly increased their positions in OneStream, with T. Rowe Price expanding its stake by 136.1% during the first quarter.
• Analyst firms have recently revised their target prices for OneStream, with Mizuho lowering its target from $33.00 to $30.00, while the average rating remains a "Moderate Buy" with a price target of $29.94.

Optimize Financial Inc purchased a new stake in OneStream, Inc. (NASDAQ:OS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,085 shares of the company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers acquired a new position in OneStream during the first quarter valued at approximately $35,000. IFP Advisors Inc boosted its position in OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after purchasing an additional 624 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in OneStream during the fourth quarter valued at approximately $242,000. Baird Financial Group Inc. acquired a new position in OneStream during the fourth quarter valued at approximately $244,000. Finally, Two Sigma Advisers LP boosted its position in OneStream by 20.3% during the fourth quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock valued at $254,000 after purchasing an additional 1,500 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler reduced their price target on OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. BMO Capital Markets reduced their price target on OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Mizuho reduced their price target on OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. William Blair began coverage on OneStream in a research note on Tuesday, May 20th. They issued an "outperform" rating on the stock. Finally, Citigroup restated a "neutral" rating and issued a $29.00 price objective (up previously from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.94.

Insider Activity

In other news, Director John Kinzer sold 30,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $28.26, for a total value of $847,800.00. Following the transaction, the director owned 7,130 shares of the company's stock, valued at approximately $201,493.80. This represents a 80.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $21.56, for a total value of $431,200.00. Following the completion of the transaction, the executive directly owned 1,003,163 shares in the company, valued at $21,628,194.28. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,000 shares of company stock valued at $3,641,250. 12.77% of the stock is owned by insiders.

OneStream Trading Down 1.7%

NASDAQ:OS traded down $0.33 on Friday, hitting $18.97. The company's stock had a trading volume of 1,985,896 shares, compared to its average volume of 1,747,533. The stock has a fifty day moving average of $22.27 and a two-hundred day moving average of $23.56. The firm has a market capitalization of $4.61 billion, a P/E ratio of -12.73 and a beta of 2.30. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $141.10 million. The company's 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. As a group, sell-side analysts anticipate 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.