Onestream, Inc. (NASDAQ:OS) Stock Position Raised by Northern Trust Corp

Northern Trust Corp lifted its holdings in Onestream, Inc. (NASDAQ:OS - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,109 shares of the company's stock after purchasing an additional 42,923 shares during the period. Northern Trust Corp's holdings in Onestream were worth $2,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OS. JPMorgan Chase & Co. purchased a new stake in Onestream during the 3rd quarter worth approximately $1,037,000. SG Americas Securities LLC acquired a new position in shares of Onestream during the 4th quarter worth approximately $166,000. Precision Wealth Strategies LLC boosted its holdings in shares of Onestream by 4.9% during the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after purchasing an additional 484 shares during the last quarter. Renaissance Capital LLC boosted its holdings in shares of Onestream by 231.3% during the 4th quarter. Renaissance Capital LLC now owns 100,890 shares of the company's stock worth $2,877,000 after purchasing an additional 70,439 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Onestream during the 4th quarter worth approximately $1,387,000.

Insider Transactions at Onestream

In related news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of Onestream stock in a transaction on Monday, May 19th. The shares were sold at an average price of $27.67, for a total transaction of $553,400.00. Following the transaction, the executive now owns 1,009,443 shares in the company, valued at $27,931,287.81. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OS. Stephens boosted their target price on Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Piper Sandler upped their price target on 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 target on Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wedbush decreased their price target on Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Morgan Stanley decreased their price target on Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.19.

Onestream Trading Up 0.4%

Onestream stock traded up $0.12 during mid-day trading on Wednesday, reaching $28.86. The company had a trading volume of 471,406 shares, compared to its average volume of 1,165,597. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The stock's 50-day simple moving average is $22.86 and its 200-day simple moving average is $26.15.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. Onestream's revenue for the quarter was up 23.6% on a year-over-year basis. On average, research 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.