Seven Grand Managers LLC Acquires 200,000 Shares of OneStream, Inc. $OS

Key Points

• Seven Grand Managers LLC increased its stake in OneStream, Inc. by 66.7%, owning 500,000 shares valued at $10.67 million.
• OneStream reported earnings of $0.05 per share for the last quarter, exceeding analyst expectations, with revenue up 25.6% year-over-year.
• Several analysts have reduced their price targets for OneStream, with an average target now at $30.81 and a "Moderate Buy" rating from 20 analysts.

Seven Grand Managers LLC increased its stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 66.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company's stock after buying an additional 200,000 shares during the quarter. OneStream accounts for 2.5% of Seven Grand Managers LLC's investment portfolio, making the stock its 14th largest holding. Seven Grand Managers LLC owned 0.21% of OneStream worth $10,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in OneStream by 3.4% during 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 in the last quarter. Bank of America Corp DE grew its stake in OneStream by 350.8% in the 4th 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 period. Rhumbline Advisers bought a new position in OneStream in the 1st quarter valued at $35,000. Bessemer Group Inc. grew its stake in OneStream by 20.1% in the 1st quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock valued at $1,385,000 after purchasing an additional 10,883 shares during the period. Finally, Janus Henderson Group PLC bought a new position in OneStream in the 4th quarter valued at $428,000.

OneStream Stock Down 0.5%

Shares of NASDAQ OS traded down $0.10 during trading hours on Wednesday, reaching $19.85. 1,316,226 shares of the stock traded hands, compared to its average volume of 2,009,040. The company has a market capitalization of $4.82 billion and a P/E ratio of -13.32. OneStream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39. The company's 50-day simple moving average is $24.85 and its two-hundred day simple moving average is $24.36.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data 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. The company 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%.OneStream's quarterly 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, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho reduced their price objective on OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Bank of America upped their price objective on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. 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. BMO Capital Markets dropped their price target on OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Wedbush dropped their price target on OneStream from $35.00 to $25.00 and set an "outperform" rating on the stock in a research report 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. According to MarketBeat, OneStream presently has a consensus rating of "Moderate Buy" and an average target price of $29.94.

Insider Buying and Selling

In other OneStream news, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction that occurred on 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 directly owned 1,003,163 shares of the company's stock, valued at $21,628,194.28. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of OneStream stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $26.77, for a total value of $669,250.00. Following the completion of the transaction, the chief financial officer directly owned 237,839 shares in the company, valued at $6,366,950.03. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,973 shares of company stock valued at $5,178,158 over the last quarter. 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.