Alyeska Investment Group L.P. increased its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 126.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 659,325 shares of the company's stock after acquiring an additional 368,141 shares during the quarter. Alyeska Investment Group L.P. owned about 0.28% of Onestream worth $18,804,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of OS. Precision Wealth Strategies LLC grew its stake in Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after buying an additional 484 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Onestream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after acquiring an additional 1,238 shares in the last quarter. First Trust Advisors LP raised its position in Onestream by 3.4% during the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after purchasing an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Onestream by 57.9% during the fourth 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Onestream in the 4th quarter valued at $166,000.
Analyst Ratings Changes
Several brokerages recently weighed in on OS. JPMorgan Chase & Co. downgraded Onestream from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Citigroup reduced their price target on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. BNP Paribas initiated coverage on shares of Onestream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. BMO Capital Markets cut their target price on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group dropped their price target on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.14.
Get Our Latest Research Report on Onestream
Onestream Stock Up 1.6 %
OS stock traded up $0.35 during midday trading on Wednesday, hitting $22.88. The company's stock had a trading volume of 899,330 shares, compared to its average volume of 1,149,580. The stock's 50-day moving average price is $21.24 and its 200 day moving average price is $26.48. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39.
Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. Analysts expect that Onestream, Inc. will post 0.05 EPS for the current year.
Insider Activity
In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Kinzer sold 40,000 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here. Insiders own 12.77% of the company's stock.
About Onestream
(
Free Report)
OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.
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