OneStream, Inc. (NASDAQ:OS) Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its holdings in OneStream, Inc. by 29.1%, acquiring an additional 29,250 shares and now owns approximately 0.05% of the company valued at $2.77 million.
• OneStream's shares traded at $19.60 with a market cap of $4.68 billion and reported a 25.6% year-over-year revenue increase despite having a negative net margin.
• Analysts have mixed opinions on OneStream, with ratings from "hold" to "buy" and price targets varying, including a cut from $35 to $25 by Wedbush.

Townsquare Capital LLC grew its stake in OneStream, Inc. (NASDAQ:OS - Free Report) by 29.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,638 shares of the company's stock after acquiring an additional 29,250 shares during the quarter. Townsquare Capital LLC owned 0.05% of OneStream worth $2,766,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OS. Rhumbline Advisers purchased a new position in shares of OneStream in the first quarter worth $35,000. IFP Advisors Inc raised its stake in shares of OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares during the last quarter. Blue Trust Inc. raised its stake in shares of OneStream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock worth $217,000 after purchasing an additional 9,960 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of OneStream in the fourth quarter worth $238,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of OneStream in the fourth quarter worth $242,000.

Insider Buying and Selling at OneStream

In other OneStream news, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction on Friday, June 20th. The stock was sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the sale, the director directly owned 7,130 shares of the company's stock, valued at $201,493.80. The trade was a 80.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction on Friday, July 18th. The shares were sold at an average price of $25.12, for a total value of $502,400.00. Following the sale, the executive directly owned 1,003,163 shares of the company's stock, valued at approximately $25,199,454.56. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 193,973 shares of company stock worth $5,300,358 over the last quarter. Insiders own 12.77% of the company's stock.

OneStream Stock Down 4.2%

OneStream stock traded down $0.86 during midday trading on Thursday, reaching $19.79. 1,688,921 shares of the stock traded hands, compared to its average volume of 1,462,625. The stock's fifty day moving average is $25.70 and its 200-day moving average is $24.70. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39. The stock has a market cap of $4.72 billion and a P/E ratio of -13.28.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $147.59 million during the quarter, compared to analyst estimates of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%. OneStream's revenue was up 25.6% on a year-over-year basis. On average, equities analysts predict that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OS. Mizuho reduced their price objective on OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Stephens upped their price objective on OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. BNP Paribas began coverage on OneStream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. Citigroup reiterated a "neutral" rating and set a $29.00 price objective (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Finally, Piper Sandler reduced their price objective on OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, OneStream presently has an average rating of "Moderate Buy" and an average target price of $30.81.

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.