OMERS ADMINISTRATION Corp Invests $416,000 in Onestream, Inc. (NASDAQ:OS)

OMERS ADMINISTRATION Corp purchased a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,600 shares of the company's stock, valued at approximately $416,000.

Several other large investors have also recently bought and sold shares of OS. SG Americas Securities LLC bought a new position in Onestream in the 4th quarter valued at $166,000. IFP Advisors Inc bought a new position in Onestream in the 4th quarter valued at $168,000. PNC Financial Services Group Inc. boosted its holdings in Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares during the period. KLP Kapitalforvaltning AS bought a new position in Onestream in the 4th quarter valued at $214,000. Finally, Hsbc Holdings PLC bought a new position in Onestream in the 4th quarter valued at $238,000.

Insider Activity at Onestream

In related news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $27.67, for a total transaction of $553,400.00. Following the sale, the executive now directly owns 1,009,443 shares in the company, valued at $27,931,287.81. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Onestream Stock Performance

Shares of OS stock remained flat at $28.44 during mid-day trading on Friday. 1,214,456 shares of the company's stock were exchanged, compared to its average volume of 1,167,159. The company has a 50-day moving average price of $22.60 and a 200-day moving average price of $26.20. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (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 company's quarterly revenue was up 23.6% compared to the same quarter last year. Equities analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. William Blair assumed coverage on shares of Onestream in a report on Tuesday. They set an "outperform" rating for the company. BMO Capital Markets lifted their price objective on shares of Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Truist Financial dropped their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, BNP Paribas assumed coverage on shares of Onestream in a report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Onestream has a consensus rating of "Moderate Buy" and a consensus target price of $32.19.

About Onestream

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.