UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 43,275 Onestream, Inc. (NASDAQ:OS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 43,275 shares of the company's stock, valued at approximately $1,234,000.

A number of other large investors have also recently bought and sold shares of OS. SG Americas Securities LLC acquired a new stake in Onestream during the 4th quarter worth $166,000. IFP Advisors Inc acquired a new stake in Onestream during the 4th quarter worth $168,000. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 2,600 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Onestream during the 4th quarter worth $214,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Onestream in the 4th quarter worth $238,000.

Analysts Set New Price Targets

Several analysts have recently commented on OS shares. Truist Financial reduced their target price on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, April 7th. BNP Paribas started coverage on shares of Onestream in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price for the company. Mizuho raised their target price on shares of Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Stephens raised their target price on shares of Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Scotiabank restated an "outperform" rating on shares of Onestream in a research note on Thursday, April 24th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.19.

Insider Transactions at Onestream

In other news, major shareholder Craig Colby sold 6,279 shares of Onestream stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $177,256.17. Following the completion of the sale, the insider now directly owns 212,885 shares in the company, valued at $6,009,743.55. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas Anthony Shea sold 9,913 shares of Onestream stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $279,843.99. Following the sale, the chief executive officer now owns 496,854 shares of the company's stock, valued at approximately $14,026,188.42. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,973 shares of company stock worth $2,901,508 over the last ninety days. 12.77% of the stock is currently owned by corporate insiders.

Onestream Stock Performance

NASDAQ:OS traded down $0.63 during mid-day trading on Friday, hitting $27.51. 1,337,805 shares of the company's stock traded hands, compared to its average volume of 1,185,672. The firm's 50 day simple moving average is $24.50 and its 200 day simple moving average is $25.90. 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 posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The business's quarterly revenue was up 23.6% on a year-over-year basis. As a group, research analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

About Onestream

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.