Bank of America Corp DE increased its position in Onestream, Inc. (NASDAQ:OS - Free Report) by 350.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,469 shares of the company's stock after acquiring an additional 28,379 shares during the period. Bank of America Corp DE's holdings in Onestream were worth $1,040,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Onestream during the 4th quarter valued at $166,000. IFP Advisors Inc acquired a new stake in Onestream during the 4th quarter valued at $168,000. PNC Financial Services Group Inc. grew its holdings in Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after buying an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Onestream during the 4th quarter valued at $214,000. Finally, Hsbc Holdings PLC acquired a new stake in Onestream during the 4th quarter valued at $238,000.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on OS shares. JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. BNP Paribas started coverage on Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target on the stock. Raymond James reissued an "outperform" rating and set a $29.00 price target (down previously from $32.00) on shares of Onestream in a research note on Friday, May 9th. Wedbush reduced 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, BMO Capital Markets increased their price target on Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.19.
Get Our Latest Stock Analysis on Onestream
Insider Buying and Selling at Onestream
In other news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were 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 represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,000 shares of company stock valued at $2,083,600 over the last three months. 12.77% of the stock is owned by company insiders.
Onestream Price Performance
NASDAQ:OS opened at $28.92 on Friday. The business's 50-day moving average is $23.81 and its two-hundred day moving average is $25.98. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.
Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating 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. Onestream's revenue was up 23.6% compared to the same quarter last year. As a group, equities research analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.
Onestream Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding OS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onestream, Inc. (NASDAQ:OS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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