Brevan Howard Capital Management LP Purchases New Shares in Onestream, Inc. (NASDAQ:OS)

Brevan Howard Capital Management LP purchased a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,293 shares of the company's stock, valued at approximately $835,000.

A number of other institutional investors also recently added to or reduced their stakes in OS. JPMorgan Chase & Co. raised its position in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Onestream during the 4th quarter worth approximately $1,004,000. First Trust Advisors LP grew its stake in Onestream by 3.4% in the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after acquiring an additional 1,731 shares during the period. Barclays PLC purchased a new stake in shares of Onestream during the 3rd quarter valued at $369,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Onestream by 58.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company's stock valued at $1,887,000 after buying an additional 24,377 shares during the period.

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 shares were sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. BMO Capital Markets cut their price objective on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Truist Financial cut their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Finally, Stephens boosted their price objective on shares of Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.14.

Onestream Stock Performance

Shares of Onestream stock traded up $1.58 on Monday, reaching $27.67. 2,941,335 shares of the stock were exchanged, compared to its average volume of 1,167,136. The firm's 50 day moving average is $21.34 and its 200-day moving average is $26.35. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39.

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