HBK Investments L P Acquires 25,000 Shares of Onestream, Inc. (NASDAQ:OS)

HBK Investments L P increased its holdings in Onestream, Inc. (NASDAQ:OS - Free Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the company's stock after buying an additional 25,000 shares during the quarter. HBK Investments L P owned about 0.06% of Onestream worth $4,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Onestream during the 4th quarter valued at $119,214,000. Champlain Investment Partners LLC acquired a new stake in shares of Onestream in the fourth quarter worth $98,076,000. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its position in Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after buying an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock worth $106,852,000 after acquiring an additional 1,268,733 shares in the last quarter.

Onestream Stock Down 1.2 %

Shares of OS stock traded down $0.25 during trading hours on Wednesday, reaching $21.01. 296,947 shares of the company's stock were exchanged, compared to its average volume of 1,148,651. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The business has a fifty day moving average price of $21.39 and a 200-day moving average price of $26.75.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. On average, equities analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OS shares. Scotiabank reaffirmed an "outperform" rating on shares of Onestream in a research note on Thursday, April 24th. Morgan Stanley lowered their target price on Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets lowered their target price on Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Truist Financial lowered their target price on Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.14.

Insider Buying and Selling at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William A. Koefoed sold 10,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here. Company insiders own 12.77% of the company's stock.

Onestream Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.