Janney Montgomery Scott LLC Acquires New Position in OneStream, Inc. $OS

Janney Montgomery Scott LLC bought a new stake in OneStream, Inc. (NASDAQ:OS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,038 shares of the company’s stock, valued at approximately $341,000.

A number of other large investors also recently bought and sold shares of OS. T. Rowe Price Investment Management Inc. lifted its position in OneStream by 136.1% in 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 last quarter. Temasek Holdings Private Ltd lifted its position in OneStream by 2,206.9% in 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 last quarter. Alkeon Capital Management LLC acquired a new position in OneStream in the first quarter valued at about $53,910,000. Brown Advisory Inc. lifted its position in OneStream by 16,651.6% in the first 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 during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in OneStream by 53.9% in 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 last quarter.

OneStream Stock Performance

Shares of OS opened at $17.05 on Monday. The company’s 50-day simple moving average is $19.31 and its 200-day simple moving average is $22.94. OneStream, Inc. has a 1 year low of $16.51 and a 1 year high of $35.39. The stock has a market capitalization of $4.14 billion, a PE ratio of -11.44 and a beta of 2.08.

OneStream (NASDAQ:OS) last released 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 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. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, sell-side analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 8,943 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.03, for a total transaction of $170,185.29. Following the sale, the chief financial officer directly owned 221,983 shares in the company, valued at approximately $4,224,336.49. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Kinzer sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,943 shares of company stock worth $3,247,985. Company insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OS shares. Wedbush decreased their target price on shares of OneStream from $35.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. BMO Capital Markets decreased their target price on shares of OneStream from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Citigroup reissued a “neutral” rating and set a $29.00 price target (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Piper Sandler reduced their price target on shares of OneStream from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Raymond James Financial reduced their price target on shares of OneStream from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.