KLP Kapitalforvaltning AS Purchases 7,800 Shares of OneStream, Inc. $OS

KLP Kapitalforvaltning AS raised its position in shares of OneStream, Inc. (NASDAQ:OS) by 104.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,300 shares of the company’s stock after acquiring an additional 7,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in OneStream were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Precision Wealth Strategies LLC boosted its holdings in shares of OneStream by 94.2% during the second quarter. Precision Wealth Strategies LLC now owns 27,998 shares of the company’s stock worth $792,000 after acquiring an additional 13,584 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of OneStream during the second quarter worth approximately $341,000. Dakota Wealth Management bought a new stake in shares of OneStream during the second quarter worth approximately $996,000. Public Employees Retirement System of Ohio bought a new stake in shares of OneStream during the second quarter worth approximately $1,845,000. Finally, Norden Group LLC boosted its holdings in shares of OneStream by 75.2% during the second quarter. Norden Group LLC now owns 38,389 shares of the company’s stock worth $1,086,000 after acquiring an additional 16,483 shares during the period.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 8,943 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $19.03, for a total value of $170,185.29. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Kinzer sold 30,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 163,943 shares of company stock worth $3,247,985 over the last three months. Insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OS. Raymond James Financial reduced their price objective on OneStream from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Piper Sandler cut their price target on OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating on shares of OneStream in a research note on Friday, September 19th. Finally, BMO Capital Markets cut their price target on OneStream from $33.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.94.

OneStream Price Performance

NASDAQ OS opened at $17.05 on Friday. The business has a fifty day moving average price of $19.31 and a two-hundred day moving average price of $22.92. OneStream, Inc. has a fifty-two week low of $16.51 and a fifty-two week 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 the consensus estimate of $0.01 by $0.04. OneStream had a negative return on equity of 27.54% and a negative net margin of 45.07%.The firm had revenue of $147.59 million during the quarter, compared to analysts’ expectations of $141.10 million. OneStream’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. As a group, sell-side analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current 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.