30,062 Shares in OneStream, Inc. (NASDAQ:OS) Acquired by XTX Topco Ltd

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in OneStream by 70.0% in the 1st quarter. Federated Hermes Inc. now owns 850,000 shares of the company's stock valued at $18,139,000 after buying an additional 350,000 shares during the last quarter. Norden Group LLC lifted its holdings in shares of OneStream by 3.7% during the first quarter. Norden Group LLC now owns 21,906 shares of the company's stock worth $467,000 after buying an additional 788 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of OneStream by 156.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,108 shares of the company's stock worth $280,000 after acquiring an additional 8,006 shares during the last quarter. TD Asset Management Inc grew its stake in shares of OneStream by 138.3% in the first quarter. TD Asset Management Inc now owns 499,948 shares of the company's stock worth $10,669,000 after acquiring an additional 290,112 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in OneStream during the first quarter worth $288,000.

Insiders Place Their Bets

In related news, major shareholder Craig Colby sold 6,279 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $177,256.17. Following the completion of the sale, the insider directly owned 212,885 shares of the company's stock, valued at $6,009,743.55. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Ken Hohenstein sold 20,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $25.12, for a total transaction of $502,400.00. Following the completion of the transaction, the executive owned 1,003,163 shares in the company, valued at $25,199,454.56. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,973 shares of company stock valued at $5,300,358 over the last quarter. Company insiders own 12.77% of the company's stock.

OneStream Stock Down 5.0%

NASDAQ OS traded down $1.17 during trading hours on Thursday, reaching $22.22. 3,055,155 shares of the company's stock were exchanged, compared to its average volume of 1,417,171. The firm has a fifty day moving average of $26.39 and a 200-day moving average of $24.97. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The company's revenue for the quarter was up 25.6% on a year-over-year basis. As a group, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OS has been the subject of a number of research reports. Mizuho increased their price target on shares of OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Piper Sandler increased their target price on shares of OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wedbush decreased their target price on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. William Blair initiated coverage on OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating for the company. Finally, Bank of America raised their price objective on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.05.

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.