Northern Trust Corp Raises Stock Position in Onestream, Inc. (NASDAQ:OS)

Northern Trust Corp raised its holdings in Onestream, Inc. (NASDAQ:OS - Free Report) by 75.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,109 shares of the company's stock after acquiring an additional 42,923 shares during the period. 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 large investors have also recently modified their holdings of OS. SG Americas Securities LLC purchased a new stake in Onestream during the fourth quarter valued at about $166,000. IFP Advisors Inc purchased a new stake in Onestream in the fourth quarter worth approximately $168,000. PNC Financial Services Group Inc. raised its stake in shares of Onestream by 57.9% during the fourth 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 bought a new stake in shares of Onestream in the 4th quarter worth approximately $214,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Onestream in the 4th quarter valued at $238,000.

Insider Buying and Selling at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of Onestream 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $27.67, for a total value of $553,400.00. Following the completion of the transaction, the executive now directly owns 1,009,443 shares in the company, valued at $27,931,287.81. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company's stock.

Onestream Trading Up 1.1%

Shares of NASDAQ OS traded up $0.30 during mid-day trading on Tuesday, hitting $28.74. 1,488,302 shares of the stock traded hands, compared to its average volume of 1,168,681. The stock has a fifty day moving average price of $22.73 and a 200-day moving average price of $26.13. Onestream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The business's revenue was up 23.6% on a year-over-year basis. Research analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on OS. Raymond James reissued an "outperform" rating and set a $29.00 price objective (down previously from $32.00) on shares of Onestream in a research note on Friday, May 9th. The Goldman Sachs Group dropped their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. BNP Paribas began coverage on shares of Onestream in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho increased their target price on shares of Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.19.

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.