Lighthouse Investment Partners LLC purchased a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the company's stock, valued at approximately $570,000.
A number of other large investors also recently modified their holdings of the business. Precision Wealth Strategies LLC lifted its position in Onestream by 4.9% in the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock valued at $298,000 after purchasing an additional 484 shares during the last quarter. Franklin Resources Inc. lifted its position in Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after purchasing an additional 1,238 shares during the last quarter. First Trust Advisors LP lifted its position in Onestream by 3.4% in the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after purchasing an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Onestream in the 4th quarter valued at about $166,000.
Onestream Stock Performance
Shares of Onestream stock traded up $0.11 during trading on Tuesday, hitting $28.30. The stock had a trading volume of 139,031 shares, compared to its average volume of 1,166,172. The stock has a 50 day simple moving average of $22.03 and a 200 day simple moving average of $26.23. 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 released its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. Onestream's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, equities research analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Scotiabank reissued an "outperform" rating on shares of Onestream in a research note on Thursday, April 24th. BNP Paribas began coverage on shares of Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 target price on the stock. Piper Sandler raised their target price on shares of Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Wedbush lowered their target price on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and an average price target of $32.19.
Get Our Latest Stock Report on OS
Insider Transactions at Onestream
In related news, Director John Kinzer sold 40,000 shares of the firm'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 transaction of $811,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.77% of the stock is currently owned by insiders.
Onestream Company Profile
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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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