Federated Hermes Inc., a prominent investment firm, has substantially augmented its equity position in OneStream, Inc. (NASDAQ:OS), marking a significant vote of confidence in the artificial intelligence-based enterprise finance platform. This strategic increase reflects a deeper commitment to the burgeoning tech company, highlighting OneStream’s growing appeal among institutional investors.
According to its most recent 13F filing with the SEC, Federated Hermes Inc. elevated its stake in OneStream by an impressive 70.0% during the first quarter. This substantial acquisition saw the fund purchase an additional 350,000 shares, bringing its total ownership to a considerable 850,000 shares of OneStream stock. At the close of the reporting period, this holding was valued at a substantial $18,139,000, representing 0.36% of OneStream’s total shares.
Beyond Federated Hermes, OneStream has attracted significant attention from a diverse array of large institutional investors. Notable movements include Champlain Investment Partners LLC, which initiated a new position valued at approximately $98.076 million in the fourth quarter. Brown Advisory Inc. dramatically boosted its OneStream holdings by 16,651.6% in the first quarter, now owning 2,444,897 shares worth $52.174 million. JPMorgan Chase & Co. and Alliancebernstein L.P. also executed substantial increases in their stakes, underscoring a broad institutional interest in the company’s financial trajectory.
The company’s stock performance has shown resilience amidst market fluctuations. OneStream, Inc. shares recently opened at $23.85, demonstrating its market valuation. The firm’s stock has maintained a 50-day simple moving average of $26.91 and a 200-day simple moving average of $25.14, indicating a stable trend. While experiencing a 52-week low of $16.69, the stock has also reached a 52-week high of $35.39, reflecting periods of strong growth and investor optimism.
Equity analysts have largely maintained a positive outlook on OneStream, Inc. Several firms, including BNP Paribas, Bank of America, William Blair, and Scotiabank, have initiated or reaffirmed “outperform” or “buy” ratings. Consensus data from MarketBeat reveals a “Moderate Buy” rating for the company, with a consensus price target of $32.05, signaling expectations for continued upward movement in OneStream stock. This analyst sentiment reinforces the positive investment landscape surrounding the company.
Recent insider trading activities have also been disclosed. The company’s CRO sold 20,000 shares for over $502,400 in July, and the CFO, William A. Koefoed, sold 25,000 shares for nearly $719,000 in May. These transactions, while notable, represent a minor decrease in their overall ownership, with corporate insiders collectively still holding 12.77% of OneStream’s stock, signifying a substantial vested interest in the company’s long-term success.
At its core, OneStream, Inc. operates as a holding company focused on developing an advanced artificial intelligence (AI) based enterprise finance platform. Their flagship offering, the Digital Finance Cloud, is an AI-enabled, extensible software platform designed to unify core financial functions with operational data and processes. Founded by Craig Colby and Thomas Shea in October 2021 and headquartered in Birmingham, MI, OneStream continues to innovate in the financial technology sector, attracting robust investor confidence.
