Bayesian Capital Management LP Purchases New Position in Onestream, Inc. (NASDAQ:OS)

Bayesian Capital Management LP purchased a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,800 shares of the company's stock, valued at approximately $479,000.

Several other institutional investors and hedge funds also recently bought and sold shares of OS. Norges Bank purchased a new stake in shares of Onestream in the fourth quarter worth approximately $119,214,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Onestream by 3.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock worth $107,948,000 after purchasing an additional 115,176 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock worth $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Onestream in the 4th quarter worth $98,076,000. Finally, Alliancebernstein L.P. raised its stake in Onestream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the last quarter.

Insider Transactions at Onestream

In related news, CFO William A. Koefoed sold 10,000 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

OS has been the subject of a number of recent research reports. Wedbush reduced their price objective on Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday. Stephens boosted their target price on Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday. Piper Sandler upped their price objective on Onestream from $24.00 to $32.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group cut their target price on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Truist Financial decreased their price target on Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Onestream presently has an average rating of "Moderate Buy" and a consensus price target of $32.14.

Onestream Stock Up 2.7%

Shares of OS traded up $0.71 during midday trading on Monday, reaching $26.80. 1,006,157 shares of the stock were exchanged, compared to its average volume of 1,157,733. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The business's 50-day moving average price is $21.34 and its 200 day moving average price is $26.35.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The firm's revenue was up 23.6% on a year-over-year basis. 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.