Walleye Capital LLC Buys Shares of 360,005 OneStream, Inc. $OS

Walleye Capital LLC acquired a new stake in OneStream, Inc. (NASDAQ:OS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 360,005 shares of the company’s stock, valued at approximately $10,188,000. Walleye Capital LLC owned approximately 0.15% of OneStream at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OS. First Trust Advisors LP purchased a new stake in OneStream during the second quarter worth about $1,712,000. Arrowstreet Capital Limited Partnership purchased a new stake in OneStream during the 2nd quarter worth approximately $370,000. Quantbot Technologies LP acquired a new stake in OneStream during the 2nd quarter worth approximately $1,604,000. M&T Bank Corp boosted its position in OneStream by 47.7% in the 2nd quarter. M&T Bank Corp now owns 53,829 shares of the company’s stock valued at $1,523,000 after buying an additional 17,396 shares during the period. Finally, Seven Grand Managers LLC grew its stake in shares of OneStream by 70.0% in the second quarter. Seven Grand Managers LLC now owns 850,000 shares of the company’s stock worth $24,055,000 after acquiring an additional 350,000 shares in the last quarter.

Analysts Set New Price Targets

OS has been the subject of a number of recent research reports. Wedbush decreased their target price on OneStream from $35.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Mizuho decreased their price objective on OneStream from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Morgan Stanley reissued an “overweight” rating on shares of OneStream in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a report on Wednesday, October 8th. Finally, Piper Sandler lowered their price target on shares of OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.65.

OneStream Price Performance

NASDAQ OS opened at $18.36 on Friday. The firm’s fifty day moving average price is $19.31 and its 200 day moving average price is $22.41. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $31.72. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -38.25 and a beta of 1.97.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. OneStream had a negative net margin of 14.50% and a positive return on equity of 9.65%. The company had revenue of $154.30 million during the quarter, compared to the consensus estimate of $148.16 million. During the same quarter in the prior year, the firm posted ($1.06) earnings per share. OneStream’s revenue for the quarter was up 19.5% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. As a group, sell-side analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John Kinzer sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Ken Hohenstein sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $18.69, for a total value of $747,600.00. Following the sale, the executive directly owned 997,062 shares of the company’s stock, valued at approximately $18,635,088.78. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 118,943 shares of company stock valued at $2,191,785. Insiders own 12.77% of the company’s stock.

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.