Diker Management LLC Takes Position in Onestream, Inc. (NASDAQ:OS)

Diker Management LLC bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 100,000 shares of the company's stock, valued at approximately $2,852,000. Onestream accounts for approximately 2.5% of Diker Management LLC's investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Onestream by 5,118.0% in the fourth 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 purchased a new stake in shares of Onestream in the fourth quarter worth $1,004,000. First Trust Advisors LP lifted its holdings 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 purchasing an additional 1,731 shares in the last quarter. Barclays PLC purchased a new position in Onestream in the 3rd quarter worth approximately $369,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Onestream by 58.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company's stock valued at $1,887,000 after purchasing an additional 24,377 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Kinzer sold 40,000 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Onestream Price Performance

OS stock traded up $0.21 during trading on Tuesday, hitting $27.88. 791,458 shares of the company's stock were exchanged, compared to its average volume of 1,165,426. The business has a 50-day moving average price of $21.42 and a two-hundred day moving average price of $26.33. Onestream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last posted 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 firm had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The company's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Wedbush reduced their price objective on Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday. Citigroup reduced their price objective on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Mizuho assumed coverage on shares of Onestream in a research report on Wednesday, April 30th. They issued an "outperform" rating and a $30.00 price target for the company. Finally, Truist Financial lowered their price target on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.14.

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.