Onestream, Inc. (NASDAQ:OS) Shares Purchased by West Paces Advisors Inc.

West Paces Advisors Inc. lifted its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 212,670.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,108 shares of the company's stock after acquiring an additional 85,068 shares during the quarter. West Paces Advisors Inc.'s holdings in Onestream were worth $1,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Onestream by 3.4% in 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 during the period. Bank of America Corp DE lifted its position in shares of Onestream by 350.8% in the 4th quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock worth $1,040,000 after purchasing an additional 28,379 shares during the period. Northern Trust Corp boosted its stake in shares of Onestream by 75.1% during the fourth quarter. Northern Trust Corp now owns 100,109 shares of the company's stock valued at $2,855,000 after purchasing an additional 42,923 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Onestream by 57.9% during the fourth 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 period.

Onestream Trading Down 2.7%

Shares of OS stock traded down $0.77 during mid-day trading on Tuesday, hitting $28.15. 843,842 shares of the stock were exchanged, compared to its average volume of 1,182,321. Onestream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39. The firm has a fifty day moving average of $23.94 and a 200 day moving average of $25.90.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping 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% on a year-over-year basis. As a group, equities analysts forecast that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Activity at Onestream

In other news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $719,000.00. Following the transaction, the chief financial officer now directly owns 253,694 shares of the company's stock, valued at $7,296,239.44. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,000 shares of company stock valued at $2,083,600. 12.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets upped their target price on Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. BNP Paribas initiated coverage on Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective for the company. Morgan Stanley dropped their price objective on Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Scotiabank reiterated an "outperform" rating on shares of Onestream in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.19.

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.