XTX Topco Ltd Buys New Shares in OneStream, Inc. (NASDAQ:OS)

Key Points

• XTX Topco Ltd has invested approximately $642,000 in OneStream, Inc., purchasing 30,062 shares during the first quarter.
• Several other institutional investors have also increased their positions in OneStream, with notable purchases including Rhumbline Advisers (valued at $35,000) and KLP Kapitalforvaltning AS (valued at $214,000).
• Wall Street analysts have mixed views, with price targets for OneStream ranging from $27.00 to $35.00, and a general consensus rating of "Moderate Buy."

XTX Topco Ltd acquired a new position in OneStream, Inc. (NASDAQ:OS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 30,062 shares of the company's stock, valued at approximately $642,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in OneStream by 3.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock worth $107,948,000 after purchasing an additional 115,176 shares in the last quarter. Vanguard Group Inc. raised its position in shares of OneStream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after buying an additional 1,268,733 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of OneStream in the 4th quarter valued at approximately $98,076,000. TimesSquare Capital Management LLC raised its position in shares of OneStream by 28.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,699,645 shares of the company's stock valued at $57,610,000 after buying an additional 595,839 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of OneStream by 16,651.6% in the 1st quarter. Brown Advisory Inc. now owns 2,444,897 shares of the company's stock valued at $52,174,000 after buying an additional 2,430,302 shares in the last quarter.

OneStream Trading Down 9.5%

OS traded down $2.10 during trading on Friday, reaching $20.12. 5,358,229 shares of the company's stock were exchanged, compared to its average volume of 1,189,788. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39. The stock has a market capitalization of $4.80 billion and a PE ratio of -13.50. The firm has a fifty day moving average price of $26.22 and a two-hundred day moving average price of $24.90.

OneStream (NASDAQ:OS - Get Free Report) last posted 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 28.38%. The firm had revenue of $147.59 million for the quarter, compared to analyst estimates of $141.10 million. The firm's revenue was up 25.6% compared to the same quarter last year. Sell-side analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity

In other news, CFO William A. Koefoed sold 25,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the chief financial officer directly owned 237,839 shares of the company's stock, valued at approximately $5,945,975. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Anthony Shea sold 9,913 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the completion of the sale, the chief executive officer directly owned 496,854 shares in the company, valued at approximately $14,026,188.42. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,973 shares of company stock worth $5,300,358. Company insiders own 12.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Stephens boosted their target price on shares of OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Citigroup restated a "neutral" rating and issued a $29.00 target price (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Raymond James Financial dropped their target price on shares of OneStream from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday. Finally, William Blair assumed coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.81.

OneStream 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.