California State Teachers Retirement System Invests $957,000 in Onestream, Inc. (NASDAQ:OS)

California State Teachers Retirement System purchased a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 33,541 shares of the company's stock, valued at approximately $957,000.

A number of other large investors have also recently made changes to their positions in the business. IFP Advisors Inc purchased a new stake in Onestream in the 4th quarter valued at about $168,000. PNC Financial Services Group Inc. raised its stake in shares of Onestream by 57.9% during the 4th 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Onestream during the 4th quarter valued at approximately $214,000. Hsbc Holdings PLC acquired a new position in Onestream during the 4th quarter valued at approximately $238,000. Finally, Bank of New York Mellon Corp acquired a new position in Onestream during the 4th quarter valued at approximately $239,000.

Onestream Stock Down 2.2%

Onestream stock traded down $0.63 during trading on Friday, reaching $27.51. The stock had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,673. Onestream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39. The business has a 50 day moving average price of $24.69 and a 200 day moving average price of $25.84.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling at Onestream

In other Onestream news, CEO Thomas Anthony Shea sold 9,913 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $279,843.99. Following the transaction, the chief executive officer now directly owns 496,854 shares of the company's stock, valued at approximately $14,026,188.42. The trade was a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the company'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. In the last three months, insiders have sold 113,973 shares of company stock valued at $2,901,508. 12.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OS shares. Piper Sandler increased their price objective on shares of Onestream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Truist Financial decreased 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. Wedbush decreased their price target on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets raised their price objective on shares of Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, BNP Paribas started coverage on shares of Onestream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.19.

Onestream 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.