Occudo Quantitative Strategies LP Acquires Shares of 46,165 Onestream, Inc. (NASDAQ:OS)

Occudo Quantitative Strategies LP bought a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,165 shares of the company's stock, valued at approximately $1,317,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Onestream during the 4th quarter valued at approximately $166,000. IFP Advisors Inc purchased a new position in Onestream during the 4th quarter valued at approximately $168,000. Moody National Bank Trust Division purchased a new position in Onestream during the 4th quarter valued at approximately $200,000. PNC Financial Services Group Inc. boosted its holdings in shares of Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after purchasing an additional 2,600 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Onestream in the 4th quarter worth approximately $214,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OS shares. Truist Financial dropped their target price on Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a report on Monday, April 7th. Guggenheim restated a "buy" rating and set a $35.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Morgan Stanley dropped their price objective on Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their target price on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.19.

Insider Buying and Selling at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

Onestream Price Performance

Shares of OS stock traded up $0.10 during trading hours on Monday, hitting $28.37. The stock had a trading volume of 187,905 shares, compared to its average volume of 1,167,481. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The stock's 50 day moving average is $21.88 and its 200 day moving average is $26.24.

Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The firm's revenue was up 23.6% on a year-over-year basis. As a group, equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current 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.