LMR Partners LLP Takes Position in Onestream, Inc. (NASDAQ:OS)

LMR Partners LLP bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $2,852,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lighthouse Investment Partners LLC purchased a new stake in Onestream during the 4th quarter valued at $570,000. Janus Henderson Group PLC purchased a new stake in Onestream during the 4th quarter valued at $428,000. Fortress Investment Group LLC purchased a new stake in Onestream during the 4th quarter valued at $2,424,000. Diker Management LLC purchased a new stake in Onestream during the 4th quarter valued at $2,852,000. Finally, Blackstone Inc. raised its holdings in Onestream by 47.1% during the 4th quarter. Blackstone Inc. now owns 250,000 shares of the company's stock valued at $7,130,000 after buying an additional 80,000 shares during the period.

Onestream Trading Down 0.3%

Shares of NASDAQ OS traded down $0.08 on Friday, reaching $28.27. 1,087,467 shares of the company traded hands, compared to its average volume of 1,172,156. The company has a 50 day moving average of $21.88 and a 200 day moving average of $26.30. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 EPS 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 company's quarterly revenue was up 23.6% on a year-over-year basis. As a group, equities analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Wedbush dropped their price target on Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Truist Financial dropped their target price on Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a report on Monday, April 7th. Scotiabank reaffirmed an "outperform" rating on shares of Onestream in a research report on Thursday, April 24th. Finally, BNP Paribas started coverage on shares of Onestream in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price on the stock. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Onestream currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.19.

Onestream Company Profile

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.