Azzad Asset Management Inc. ADV Raises Stake in Onestream, Inc. (NASDAQ:OS)

Azzad Asset Management Inc. ADV boosted its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 98.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,867 shares of the company's stock after purchasing an additional 26,223 shares during the period. Azzad Asset Management Inc. ADV's holdings in Onestream were worth $1,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OS. Rhumbline Advisers acquired a new stake in Onestream in the first quarter worth about $35,000. IFP Advisors Inc acquired a new position in Onestream during the 4th quarter valued at approximately $168,000. PNC Financial Services Group Inc. increased its stake in Onestream by 57.9% during 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Onestream in the fourth quarter worth $214,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Onestream during the fourth quarter worth $238,000.

Onestream Stock Up 2.8%

Shares of NASDAQ OS traded up $0.76 during trading on Monday, hitting $28.27. The company had a trading volume of 185,224 shares, compared to its average volume of 1,181,328. The stock has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $25.81. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two 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 (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 analyst estimates of $131.08 million. The company's revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts predict that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OS has been the subject of a number of research reports. Morgan Stanley lowered their price target on Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Mizuho upped their target price on Onestream from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Stephens raised their price target on shares of Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Raymond James restated an "outperform" rating and set a $29.00 price objective (down from $32.00) on shares of Onestream in a research note on Friday, May 9th. Finally, Bank of America raised their target price on shares of Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.19.

Insider Buying and Selling

In related news, Director John Kinzer sold 40,000 shares of the company's stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Craig Colby sold 6,279 shares of Onestream stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $177,256.17. Following the completion of the transaction, the insider now owns 212,885 shares of the company's stock, valued at approximately $6,009,743.55. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,973 shares of company stock worth $2,901,508. 12.77% of the stock is owned by corporate insiders.

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.