OMERS ADMINISTRATION Corp bought a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,600 shares of the company's stock, valued at approximately $416,000.
A number of other hedge funds have also recently modified their holdings of OS. Precision Wealth Strategies LLC grew its stake in shares of Onestream by 4.9% in the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after buying an additional 484 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Onestream by 1.2% in the fourth 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 boosted its holdings in Onestream by 3.4% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after acquiring an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Onestream during the fourth quarter valued at $166,000.
Insider Buying and Selling
In other news, Director John Kinzer sold 40,000 shares of the company'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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Ken Hohenstein sold 20,000 shares of Onestream stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $27.67, for a total value of $553,400.00. Following the completion of the transaction, the executive now owns 1,009,443 shares of the company's stock, valued at approximately $27,931,287.81. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on OS shares. Stephens upped their price target on shares of Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. The Goldman Sachs Group dropped their target price on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Piper Sandler increased their price target on shares of Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 16th. William Blair initiated coverage on shares of Onestream in a report on Tuesday. They issued an "outperform" rating for the company. Finally, BMO Capital Markets upped their price objective on Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.19.
Read Our Latest Report on Onestream
Onestream Stock Up 1.4%
OS traded up $0.39 on Thursday, hitting $28.44. 868,384 shares of the company's stock traded hands, compared to its average volume of 1,166,932. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The company's 50 day simple moving average is $22.33 and its 200-day simple moving average is $26.26.
Onestream (NASDAQ:OS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. Research analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.
Onestream Profile
(
Free Report)
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.
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