LMR Partners LLP Takes $2.85 Million Position in Onestream, Inc. (NASDAQ:OS)

LMR Partners LLP purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $2,852,000.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Onestream in the fourth quarter worth approximately $166,000. IFP Advisors Inc purchased a new stake in shares of Onestream in the 4th quarter valued at $168,000. Moody National Bank Trust Division purchased a new position in shares of Onestream during the 4th quarter valued at approximately $200,000. PNC Financial Services Group Inc. raised its stake in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after buying an additional 2,600 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Onestream during the 4th quarter worth approximately $214,000.

Onestream Trading Up 0.2%

Shares of Onestream stock traded up $0.06 during trading on Monday, hitting $28.33. The stock had a trading volume of 162,131 shares, compared to its average volume of 1,410,464. 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 of $21.88 and a two-hundred day moving average of $26.24.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The business 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% on a year-over-year basis. On average, equities analysts forecast that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Activity

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on 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 company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial reduced their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut shares of Onestream from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Raymond James reaffirmed an "outperform" rating and set a $29.00 price objective (down from $32.00) on shares of Onestream in a research report on Friday, May 9th. BMO Capital Markets increased their price target on shares of Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Guggenheim reaffirmed a "buy" rating and set a $35.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.19.

Onestream 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.