West Paces Advisors Inc. Has $1.82 Million Stock Position in Onestream, Inc. (NASDAQ:OS)

West Paces Advisors Inc. lifted its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 212,670.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,108 shares of the company's stock after purchasing an additional 85,068 shares during the period. West Paces Advisors Inc.'s holdings in Onestream were worth $1,816,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers acquired a new position in Onestream in the 1st quarter valued at about $35,000. SG Americas Securities LLC acquired a new position in Onestream in the 4th quarter valued at about $166,000. IFP Advisors Inc acquired a new position in Onestream in the 4th quarter valued at about $168,000. PNC Financial Services Group Inc. grew its stake in Onestream by 57.9% in 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, KLP Kapitalforvaltning AS acquired a new position in Onestream in the 4th quarter valued at about $214,000.

Onestream Stock Performance

Shares of Onestream stock traded down $0.63 on Friday, reaching $27.51. 1,337,805 shares of the stock were exchanged, compared to its average volume of 1,185,672. The firm's 50 day moving average is $24.69 and its 200-day moving average is $25.87. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream's revenue for the quarter was up 23.6% on a year-over-year basis. As a group, equities research analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the company'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Anthony Shea sold 9,913 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $279,843.99. Following the completion of the transaction, 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 valued at $2,901,508 in the last quarter. Insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OS. Piper Sandler upped their price target on shares of Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Raymond James restated an "outperform" rating and set a $29.00 target price (down previously from $32.00) on shares of Onestream in a research report on Friday, May 9th. Wedbush decreased their target price on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. William Blair started coverage on shares of Onestream in a research report on Tuesday, May 20th. They set an "outperform" rating on the stock. Finally, Mizuho increased their target price on shares of Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.