Millennium Management LLC boosted its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 2,013.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 764,512 shares of the company's stock after purchasing an additional 728,339 shares during the quarter. Millennium Management LLC owned approximately 0.33% of Onestream worth $21,804,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Precision Wealth Strategies LLC grew its holdings in shares of Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock valued at $298,000 after purchasing an additional 484 shares during the last quarter. Franklin Resources Inc. grew its stake 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 last quarter. First Trust Advisors LP grew its stake 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 last quarter. PNC Financial Services Group Inc. increased its position in Onestream by 57.9% in the fourth 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 stake in Onestream in the fourth quarter valued at $166,000.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on OS. Morgan Stanley decreased their price objective on Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Guggenheim reissued a "buy" rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. The Goldman Sachs Group reduced their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, BNP Paribas began coverage on shares of Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 target price on the stock. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Onestream presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.19.
View Our Latest Research Report on OS
Onestream Stock Up 0.8%
Shares of Onestream stock opened at $28.42 on Wednesday. The firm's 50 day moving average is $22.19 and its 200 day moving average is $26.25. 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 released its quarterly 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 firm had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The business's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.
Insider Activity
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 value of $811,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.77% of the company's stock.
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.
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