Janus Henderson Group PLC Acquires New Holdings in Onestream, Inc. (NASDAQ:OS)

Janus Henderson Group PLC bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,000 shares of the company's stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Onestream in the 4th quarter valued at approximately $119,214,000. Champlain Investment Partners LLC bought a new stake in shares of Onestream during the fourth quarter valued at approximately $98,076,000. JPMorgan Chase & Co. increased its position in shares of Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after purchasing an additional 1,566,276 shares during the period. Alliancebernstein L.P. raised its stake in shares of Onestream by 122.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after purchasing an additional 1,357,860 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Onestream by 51.2% in the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter.

Onestream Stock Down 2.5%

NASDAQ OS traded down $0.73 on Thursday, hitting $27.99. 963,274 shares of the company were exchanged, compared to its average volume of 1,166,972. Onestream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The firm has a 50 day moving average of $23.08 and a two-hundred day moving average of $26.12.

Onestream (NASDAQ:OS - Get Free Report) last announced its 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 company had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, research analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OS. Piper Sandler lifted their price target 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. BNP Paribas initiated coverage on shares of Onestream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 target price on the stock. Stephens upped their target price on shares of Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. BMO Capital Markets increased their price target 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, Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Two investment 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, Onestream has a consensus rating of "Moderate Buy" and a consensus price target of $32.19.

Insider Buying and Selling

In other news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.76, for a total transaction of $719,000.00. Following the sale, the chief financial officer now directly owns 253,694 shares of the company's stock, valued at approximately $7,296,239.44. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,000 shares of company stock worth $2,083,600 in the last quarter. Insiders own 12.77% of the company's stock.

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.