T. Rowe Price Investment Management Inc. Acquires 5,152,719 Shares of OneStream, Inc. $OS

T. Rowe Price Investment Management Inc. raised its holdings in shares of OneStream, Inc. (NASDAQ:OS) by 136.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,937,682 shares of the company’s stock after acquiring an additional 5,152,719 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 3.74% of OneStream worth $190,731,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Primecap Management Co. CA increased its holdings in OneStream by 0.3% in the first quarter. Primecap Management Co. CA now owns 145,100 shares of the company’s stock valued at $3,096,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System grew its position in shares of OneStream by 4.0% during the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company’s stock worth $250,000 after buying an additional 454 shares during the period. IFP Advisors Inc increased its stake in shares of OneStream by 10.6% in the 1st 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 last quarter. Norden Group LLC raised its position in shares of OneStream by 3.7% in the 1st quarter. Norden Group LLC now owns 21,906 shares of the company’s stock valued at $467,000 after acquiring an additional 788 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in OneStream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares during the last quarter.

Wall Street Analysts Forecast Growth

OS has been the subject of several recent analyst reports. Mizuho lowered their target price on shares of OneStream from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. William Blair assumed coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an “outperform” rating for the company. Wedbush dropped their price objective on OneStream from $35.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. BMO Capital Markets reduced their target price on OneStream from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Stephens increased their price target on OneStream from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, OneStream currently has a consensus rating of “Moderate Buy” and an average target price of $29.94.

Insiders Place Their Bets

In other news, major shareholder Craig Colby sold 6,279 shares of the firm’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 transaction, the insider directly owned 212,885 shares of the company’s stock, valued at $6,009,743.55. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the sale, the director owned 7,130 shares in the company, valued at $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 193,973 shares of company stock worth $5,178,158 in the last 90 days. Company insiders own 12.77% of the company’s stock.

OneStream Trading Down 0.5%

OS opened at $19.85 on Thursday. The stock has a market capitalization of $4.82 billion and a P/E ratio of -13.32. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39. The firm’s fifty day simple moving average is $24.85 and its 200 day simple moving average is $24.36.

OneStream (NASDAQ:OS) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $147.59 million during the quarter, compared to analysts’ expectations of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The business’s revenue for the quarter was up 25.6% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. On average, equities research analysts predict that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

OneStream Company 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.