T. Rowe Price Investment Management Inc. Has $190.73 Million Position in OneStream, Inc. $OS

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in OneStream, Inc. by 136.1%, acquiring over 5 million additional shares, bringing its total holdings to approximately 8.9 million shares valued at $190.7 million.
• Analysts have set a consensus rating of "Moderate Buy" for OneStream with an average target price of $29.94, with major firms adjusting their target prices, some lowering them from $33 to $25.
• Recent insider trading activity includes significant sales by key shareholders, including Craig Colby, who sold over 6,200 shares, resulting in a 2.86% decrease in their ownership position.

T. Rowe Price Investment Management Inc. raised its stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) by 136.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,937,682 shares of the company's stock after acquiring an additional 5,152,719 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.74% of OneStream worth $190,731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of OneStream by 3.4% during the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after acquiring an additional 1,731 shares during the period. Bank of America Corp DE lifted its holdings in shares of 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 acquiring an additional 28,379 shares during the period. Rhumbline Advisers bought a new position in shares of OneStream during the first quarter valued at $35,000. Bessemer Group Inc. lifted its holdings in shares of OneStream by 20.1% during the first quarter. Bessemer Group Inc. now owns 64,893 shares of the company's stock valued at $1,385,000 after acquiring an additional 10,883 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of OneStream during the fourth quarter valued at $428,000.

OneStream Price Performance

Shares of OS traded up $0.57 during mid-day trading on Friday, hitting $20.41. 1,174,618 shares of the company's stock were exchanged, compared to its average volume of 2,070,271. The company has a market cap of $4.96 billion and a PE ratio of -13.70. OneStream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39. The company has a 50-day simple moving average of $24.54 and a 200 day simple moving average of $24.20.

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 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 company had revenue of $147.59 million for the quarter, compared to analysts' expectations of $141.10 million. The business'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. On average, analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

OS has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Mizuho lowered their target price on OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Citigroup restated a "neutral" rating and issued a $29.00 target price (up from $27.00) on shares of OneStream in a research note on Wednesday, July 16th. Stephens raised their target price on OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, William Blair assumed coverage on OneStream in a research note on Tuesday, May 20th. They issued an "outperform" rating for the company. Sixteen 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.94.

Insider Activity at OneStream

In other news, major shareholder Craig Colby sold 6,279 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,256.17. Following the sale, the insider owned 212,885 shares in the company, valued at $6,009,743.55. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Anthony Shea sold 9,913 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $279,843.99. Following the sale, the chief executive officer owned 496,854 shares in the company, valued at approximately $14,026,188.42. This represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,973 shares of company stock worth $5,178,158. Insiders own 12.77% of the company's stock.

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.