Northern Trust Corp Buys 42,923 Shares of Onestream, Inc. (NASDAQ:OS)

Northern Trust Corp lifted its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 75.1% during the fourth 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 purchasing 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OS. Precision Wealth Strategies LLC raised its stake in Onestream by 4.9% in the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock valued at $298,000 after acquiring an additional 484 shares during the period. Franklin Resources Inc. increased its position in Onestream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after buying an additional 1,238 shares during the period. First Trust Advisors LP increased its position in Onestream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after buying an additional 1,731 shares during the period. PNC Financial Services Group Inc. increased its position in 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 buying an additional 2,600 shares during the period. Finally, SG Americas Securities LLC bought a new position in Onestream during the 4th quarter worth $166,000.

Insiders Place Their Bets

In other Onestream news, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $27.67, for a total value of $553,400.00. Following the sale, the executive now owns 1,009,443 shares of the company's stock, valued at $27,931,287.81. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OS has been the topic of a number of recent research reports. Raymond James reissued an "outperform" rating and set a $29.00 price target (down from $32.00) on shares of Onestream in a research note on Friday, May 9th. The Goldman Sachs Group cut their price target on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Morgan Stanley cut 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. Mizuho raised their price objective on Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Guggenheim restated a "buy" rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.19.

Onestream Stock Down 1.2%

OS stock traded down $0.35 during midday trading on Thursday, hitting $28.38. The company's stock had a trading volume of 97,118 shares, compared to its average volume of 1,384,512. The stock's 50-day moving average price is $22.99 and its 200 day moving average price is $26.16. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly 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 firm had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The firm's revenue was up 23.6% on a year-over-year basis. Analysts expect that Onestream, Inc. will post 0.05 EPS for the current year.

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.