Raymond James Financial Inc. Makes New Investment in OneStream, Inc. $OS

Key Points

• Raymond James Financial Inc. has acquired a new position in OneStream, Inc., purchasing 266,580 shares valued at approximately $5.69 million, representing 0.11% ownership of the company.
• Multiple institutional investors, including Barclays PLC and Northern Trust Corp, have significantly increased their positions in OneStream during the fourth quarter, reflecting strong institutional interest.
• OneStream reported quarterly earnings of $0.05 per share, exceeding analysts' expectations, with revenues up 25.6% year-over-year, and provided guidance for FY 2025 EPS between 0.070 and 0.150.

Raymond James Financial Inc. acquired a new position in OneStream, Inc. (NASDAQ:OS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 266,580 shares of the company's stock, valued at approximately $5,689,000. Raymond James Financial Inc. owned 0.11% of OneStream at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OS. Barclays PLC boosted its holdings in OneStream by 105.2% in the fourth quarter. Barclays PLC now owns 22,310 shares of the company's stock valued at $636,000 after purchasing an additional 11,437 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of OneStream by 3.4% in the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after buying an additional 1,731 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in OneStream during the fourth quarter worth about $238,000. Northern Trust Corp raised its position in OneStream by 75.1% during the fourth quarter. Northern Trust Corp now owns 100,109 shares of the company's stock valued at $2,855,000 after acquiring an additional 42,923 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in OneStream in the fourth quarter valued at approximately $242,000.

Insider Transactions at OneStream

In related news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the chief financial officer directly owned 237,839 shares in the company, valued at approximately $5,945,975. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Craig Colby sold 6,279 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the transaction, the insider owned 212,885 shares in the company, valued at $6,009,743.55. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,973 shares of company stock valued at $4,459,158. Insiders own 12.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OS. Piper Sandler lowered their price objective on OneStream from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Stephens increased their price target on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Raymond James Financial cut their price objective on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Bank of America upped their price objective on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Mizuho dropped their target price on OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, OneStream presently has an average rating of "Moderate Buy" and a consensus target price of $29.94.

OneStream Stock Down 0.7%

Shares of NASDAQ OS opened at $19.96 on Thursday. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of -13.40 and a beta of 2.30. The company's 50-day simple moving average is $23.34 and its 200-day simple moving average is $23.82. OneStream, Inc. has a 52-week low of $16.69 and a 52-week 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, beating analysts' consensus estimates of $0.01 by $0.04. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The firm had revenue of $147.59 million for the quarter, compared to analyst estimates of $141.10 million. OneStream'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. Equities research analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal 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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