Onestream, Inc. (NASDAQ:OS) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 75.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,109 shares of the company's stock after purchasing an additional 42,923 shares during the quarter. Northern Trust Corp's holdings in Onestream were worth $2,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OS. JPMorgan Chase & Co. acquired a new position in shares of Onestream in the third quarter worth $1,037,000. SG Americas Securities LLC acquired a new position in shares of Onestream in the fourth quarter worth $166,000. Precision Wealth Strategies LLC raised its holdings in shares of Onestream by 4.9% in the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after acquiring an additional 484 shares during the last quarter. Renaissance Capital LLC raised its holdings in shares of Onestream by 231.3% in the fourth quarter. Renaissance Capital LLC now owns 100,890 shares of the company's stock worth $2,877,000 after acquiring an additional 70,439 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Onestream in the fourth quarter worth $1,387,000.

Insider Activity at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was 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 at this hyperlink. Also, CFO William A. Koefoed sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total value of $719,000.00. Following the sale, the chief financial officer now owns 253,694 shares in the company, valued at $7,296,239.44. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,000 shares of company stock valued at $2,083,600. Insiders own 12.77% of the company's stock.

Analysts Set New Price Targets

OS has been the subject of several analyst reports. BNP Paribas initiated coverage on Onestream in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price for the company. Bank of America upped their target price on Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Morgan Stanley dropped their target price on Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets upped their target price on Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Piper Sandler boosted their price target on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $32.19.

Onestream Price Performance

Shares of NASDAQ OS traded down $0.73 on Thursday, hitting $27.99. The company had a trading volume of 963,274 shares, compared to its average volume of 1,166,972. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The business 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 issued its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

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.