Voleon Capital Management LP Increases Stock Position in OneStream, Inc. $OS

Key Points

• Voleon Capital Management LP increased its stake in OneStream, Inc. by 52.7% in Q1, acquiring a total of 66,753 shares valued at approximately $1.43 million.
• Insider selling activity included CRO Ken Hohenstein selling 20,000 shares for about $431,200, reducing his ownership by 1.95%.
• OneStream reported a quarterly revenue of $147.59 million, exceeding analyst expectations, with guidance set for FY 2025 EPS between $0.070 and $0.150.

Voleon Capital Management LP grew its position in OneStream, Inc. (NASDAQ:OS - Free Report) by 52.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,753 shares of the company's stock after purchasing an additional 23,028 shares during the period. Voleon Capital Management LP's holdings in OneStream were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its position in OneStream by 136.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock valued at $190,731,000 after buying an additional 5,152,719 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in OneStream by 53.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after buying an additional 2,234,980 shares during the period. Champlain Investment Partners LLC grew its position in OneStream by 17.4% during the first quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock valued at $86,162,000 after buying an additional 598,757 shares during the period. Temasek Holdings Private Ltd grew its position in OneStream by 2,206.9% during the first quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock valued at $63,089,000 after buying an additional 2,828,209 shares during the period. Finally, Alliancebernstein L.P. grew its position in OneStream by 15.5% during the first quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company's stock valued at $60,761,000 after buying an additional 381,601 shares during the period.

OneStream Price Performance

NASDAQ:OS traded down $0.33 on Friday, reaching $18.97. 1,985,896 shares of the company's stock were exchanged, compared to its average volume of 1,580,643. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -12.73 and a beta of 2.31. OneStream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39. The stock has a fifty day simple moving average of $22.27 and a 200-day simple moving average of $23.57.

OneStream (NASDAQ:OS - Get Free Report) last issued 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 net margin of 45.07% and a negative return on equity of 27.54%. The firm had revenue of $147.59 million during the quarter, compared to analyst estimates of $141.10 million. The company'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. As a group, sell-side analysts predict that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Activity

In other news, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $21.56, for a total value of $431,200.00. Following the completion of the transaction, the executive directly owned 1,003,163 shares in the company, valued at approximately $21,628,194.28. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares of the company's stock, valued at $5,945,975. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,000 shares of company stock worth $3,641,250. 12.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho reduced their price target on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Wedbush reduced their price target on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. BMO Capital Markets cut their target price on shares of OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Citigroup reiterated a "neutral" rating and set a $29.00 target price (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Finally, Piper Sandler cut their target price on shares of OneStream from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. 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, OneStream currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.94.

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.