UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,275 shares of the company's stock, valued at approximately $1,234,000.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Onestream in the 4th quarter worth about $166,000. IFP Advisors Inc acquired a new position in Onestream in the fourth quarter worth about $168,000. PNC Financial Services Group Inc. lifted 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 worth $202,000 after buying an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Onestream in the 4th quarter worth approximately $214,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Onestream in the 4th quarter worth approximately $238,000.
Analyst Ratings Changes
Several equities analysts recently issued reports on OS shares. Raymond James restated an "outperform" rating and set a $29.00 price objective (down from $32.00) on shares of Onestream in a research note on Friday, May 9th. BMO Capital Markets raised their price target on shares of Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. Bank of America increased their price objective on shares of Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Wedbush decreased their target price on Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.19.
Read Our Latest Research Report on OS
Onestream Stock Down 2.7%
Shares of OS stock traded down $0.77 during midday trading on Tuesday, reaching $28.15. 843,840 shares of the company were exchanged, compared to its average volume of 1,182,320. The company's 50 day moving average price is $23.94 and its two-hundred day moving average price is $25.90. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The company's revenue was up 23.6% compared to the same quarter last year. On average, analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.
Insider Activity
In related news, CRO Ken Hohenstein sold 20,000 shares of the firm'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 transaction of $553,400.00. Following the completion of the sale, the executive now directly owns 1,009,443 shares in the company, valued at approximately $27,931,287.81. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,000 shares of company stock worth $2,083,600. 12.77% of the stock is owned by company insiders.
Onestream 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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