Public Employees Retirement System of Ohio Buys Shares of 65,210 OneStream, Inc. $OS

Key Points

• The Public Employees Retirement System of Ohio purchased 65,210 shares of OneStream, Inc. for approximately $1,845,000 in the second quarter.
• Analyst ratings for OneStream have varied, with several firms lowering their price targets, resulting in a consensus rating of "Moderate Buy" and a target price of $29.94.
• In a recent quarterly earnings report, OneStream reported $0.05 EPS against an estimate of $0.01, with revenue increasing 25.6% year-over-year.

Public Employees Retirement System of Ohio bought a new stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 65,210 shares of the company's stock, valued at approximately $1,845,000.

Several other institutional investors have also recently added to or reduced their stakes in OS. Bank of America Corp DE increased its stake in OneStream by 350.8% during the fourth quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock valued at $1,040,000 after purchasing an additional 28,379 shares during the last quarter. Two Sigma Advisers LP increased its stake 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in OneStream during the fourth quarter valued at $1,234,000. California State Teachers Retirement System bought a new stake in OneStream during the fourth quarter valued at $957,000. Finally, Rhumbline Advisers bought a new stake in OneStream during the first quarter valued at $35,000.

Analyst Ratings Changes

Several analysts have weighed in on OS shares. Raymond James Financial lowered their target price on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wedbush reduced their price target on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Piper Sandler reduced their price target on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, August 8th. BMO Capital Markets reduced their price target on shares of OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, Morgan Stanley reissued an "overweight" rating on shares of OneStream in a report on Friday, September 19th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, OneStream presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.94.

Insider Buying and Selling

In related news, CRO Ken Hohenstein sold 40,000 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $18.69, for a total value of $747,600.00. Following the completion of the transaction, the executive directly owned 997,062 shares of the company's stock, valued at $18,635,088.78. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the chief financial officer directly owned 237,839 shares of the company's stock, valued at approximately $5,945,975. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,943 shares of company stock valued at $3,076,385 over the last ninety days. 12.77% of the stock is owned by company insiders.

OneStream Stock Performance

Shares of OneStream stock opened at $18.51 on Friday. The company's fifty day simple moving average is $20.44 and its 200-day simple moving average is $23.25. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -12.42 and a beta of 2.08. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $147.59 million for the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The company'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. As a group, research analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.

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