Y Intercept Hong Kong Ltd Acquires New Shares in OneStream, Inc. (NASDAQ:OS)

Key Points

• Y Intercept Hong Kong Ltd has invested $288,000 in OneStream, Inc. by acquiring 13,509 shares during the first quarter, according to its recent 13F filing.
• Multiple institutional investors have increased their stakes in OneStream, with Massachusetts Financial Services Co. MA boosting its holdings by 74.9%, now owning shares valued at approximately $31.6 million.
• Equities analysts have a “Moderate Buy” rating for OneStream, with the average price target set at $32.05, influenced by various ratings adjustments from firms like Citigroup and Stephens.

Y Intercept Hong Kong Ltd acquired a new stake in shares of OneStream, Inc. (NASDAQ:OS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,509 shares of the company's stock, valued at approximately $288,000.

Several other large investors have also bought and sold shares of the stock. Rhumbline Advisers bought a new stake in OneStream in the first quarter valued at approximately $35,000. IFP Advisors Inc lifted its holdings in OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the period. KLP Kapitalforvaltning AS bought a new position in OneStream in the fourth quarter valued at about $214,000. Hsbc Holdings PLC bought a new position in OneStream in the fourth quarter valued at about $238,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of OneStream in the fourth quarter worth about $242,000.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the chief financial officer directly owned 237,839 shares of the company's stock, valued at approximately $5,945,975. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction that occurred 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 represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 193,973 shares of company stock worth $5,300,358. Corporate insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

OS has been the topic of several recent research reports. William Blair began coverage on OneStream in a research note on Tuesday, May 20th. They issued an "outperform" rating on the stock. Truist Financial cut their target price on OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Scotiabank reaffirmed an "outperform" rating on shares of OneStream in a research report on Thursday, April 24th. Wedbush cut their price objective on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Mizuho upped their target price on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.05.

OneStream Trading Down 2.7%

OS traded down $0.64 on Friday, hitting $23.21. 964,603 shares of the company were exchanged, compared to its average volume of 1,059,808. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The firm has a 50-day moving average price of $26.80 and a two-hundred day moving average price of $25.12.

OneStream (NASDAQ:OS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The business had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The firm's quarterly revenue was up 23.6% on a year-over-year basis. Sell-side analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.