Nuveen Asset Management LLC Sells 18,406 Shares of Onestream, Inc. (NASDAQ:OS)

Nuveen Asset Management LLC trimmed its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 33.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,414 shares of the company's stock after selling 18,406 shares during the period. Nuveen Asset Management LLC's holdings in Onestream were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. First Trust Advisors LP raised its stake in shares of 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 purchasing an additional 1,731 shares in the last quarter. Northern Trust Corp raised its stake in shares of Onestream by 75.1% during the 4th quarter. Northern Trust Corp now owns 100,109 shares of the company's stock worth $2,855,000 after purchasing an additional 42,923 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Onestream in the 4th quarter valued at approximately $242,000.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.76, for a total value of $719,000.00. Following the completion of the transaction, the chief financial officer now directly owns 253,694 shares of the company's stock, valued at approximately $7,296,239.44. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Kinzer sold 40,000 shares of the business's stock in a transaction on 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. Insiders have sold 85,000 shares of company stock worth $2,083,600 over the last 90 days. Corporate insiders own 12.77% of the company's stock.

Onestream Trading Down 0.5%

OS traded down $0.15 on Friday, hitting $28.92. 1,302,039 shares of the stock traded hands, compared to its average volume of 1,184,722. The business has a fifty day moving average price of $23.69 and a two-hundred day moving average price of $25.99. 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 quarterly earnings data 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 analyst estimates of $131.08 million. Onestream's revenue was up 23.6% on a year-over-year basis. As a group, research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

OS has been the topic of several recent research reports. Truist Financial cut their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price objective on shares of Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley decreased their price objective on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, William Blair assumed coverage on Onestream in a report on Tuesday, May 20th. They set an "outperform" rating on the stock. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and an average price target 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.