Index Fund Advisors Inc. Buys Shares of 18,570 OneStream, Inc. $OS

Index Fund Advisors Inc. bought a new stake in OneStream, Inc. (NASDAQ:OS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,570 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OS. Rhumbline Advisers purchased a new stake in OneStream in the first quarter valued at approximately $35,000. Azzad Asset Management Inc. ADV raised its position in OneStream by 98.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 52,867 shares of the company’s stock valued at $1,128,000 after purchasing an additional 26,223 shares during the period. Precision Wealth Strategies LLC raised its position in OneStream by 37.9% in the first quarter. Precision Wealth Strategies LLC now owns 14,414 shares of the company’s stock valued at $308,000 after purchasing an additional 3,963 shares during the period. Blue Trust Inc. raised its position in OneStream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company’s stock valued at $217,000 after purchasing an additional 9,960 shares during the period. Finally, Bessemer Group Inc. raised its position in OneStream by 20.1% in the first quarter. Bessemer Group Inc. now owns 64,893 shares of the company’s stock valued at $1,385,000 after purchasing an additional 10,883 shares during the period.

OneStream Price Performance

NASDAQ:OS opened at $17.72 on Monday. The firm has a market capitalization of $4.30 billion, a PE ratio of -11.89 and a beta of 2.08. The business’s fifty day moving average price is $19.85 and its 200 day moving average price is $23.10. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

OneStream (NASDAQ:OS) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $147.59 million for the quarter, compared to analyst estimates of $141.10 million. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The company’s revenue for the quarter 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. As a group, equities analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Insider Activity at OneStream

In other OneStream news, Director John Kinzer sold 30,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.00, for a total value of $600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William A. Koefoed sold 25,000 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the chief financial officer owned 237,839 shares of the company’s stock, valued at $5,945,975. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,943 shares of company stock valued at $3,076,385 over the last quarter. 12.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OS. Raymond James Financial cut their price objective on OneStream from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneStream in a research report on Wednesday, October 8th. BMO Capital Markets cut their price objective on OneStream from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of OneStream in a research report on Friday, September 19th. Finally, Citigroup reaffirmed a “neutral” rating and set a $29.00 price objective (up previously from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.