Renaissance Capital LLC Sells 36,624 Shares of OneStream, Inc. $OS

Key Points

• Renaissance Capital LLC reduced its ownership in OneStream, Inc. by 43.8%, selling 36,624 shares, and now holds 46,940 shares worth approximately $1,328,000.
• Institutional investors such as T. Rowe Price and Brown Advisory made significant increases in their holdings in OneStream during the first quarter, with T. Rowe Price growing its stake by 136.1%.
• OneStream's stock currently has a consensus rating of "Moderate Buy" from analysts, with a target price averaging around $29.94.

Renaissance Capital LLC decreased its position in OneStream, Inc. (NASDAQ:OS - Free Report) by 43.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,940 shares of the company's stock after selling 36,624 shares during the quarter. OneStream makes up 0.9% of Renaissance Capital LLC's portfolio, making the stock its 23rd biggest holding. Renaissance Capital LLC's holdings in OneStream were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OS. T. Rowe Price Investment Management Inc. increased its holdings in OneStream by 136.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock worth $190,731,000 after acquiring an additional 5,152,719 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in OneStream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock worth $63,089,000 after acquiring an additional 2,828,209 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in OneStream during the 1st quarter valued at approximately $53,910,000. Brown Advisory Inc. raised its stake in OneStream by 16,651.6% during the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after purchasing an additional 2,430,302 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in OneStream by 53.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after purchasing an additional 2,234,980 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $29.00 target price (up previously from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Mizuho decreased their target price on OneStream from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wedbush decreased their target price on 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 decreased their target price on 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 target on OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, OneStream has a consensus rating of "Moderate Buy" and a consensus price target of $29.94.

OneStream Stock Down 4.0%

OS stock opened at $18.93 on Tuesday. The business's fifty day simple moving average is $20.97 and its two-hundred day simple moving average is $23.36. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of -12.70 and a beta of 2.31.

OneStream (NASDAQ:OS - Get Free Report) last released 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. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The business had revenue of $147.59 million for the quarter, compared to analyst estimates of $141.10 million. 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. Research analysts expect that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Activity

In other news, Director John Kinzer sold 30,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Ken Hohenstein sold 40,000 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total value of $747,600.00. Following the transaction, the executive owned 997,062 shares in the company, valued at approximately $18,635,088.78. This represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,943 shares of company stock worth $3,076,385. Company insiders own 12.77% of the company's stock.

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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