Moore Capital Management LP acquired a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $713,000.
Several other hedge funds have also recently added to or reduced their stakes in OS. Norges Bank acquired a new position in shares of Onestream in the 4th quarter valued at $119,214,000. Champlain Investment Partners LLC acquired a new position in Onestream in the fourth quarter valued at about $98,076,000. JPMorgan Chase & Co. increased its holdings in shares of Onestream by 5,118.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock worth $70,321,000 after purchasing an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter.
Onestream Stock Up 0.2%
Shares of Onestream stock traded up $0.07 during trading on Monday, hitting $28.34. 162,131 shares of the stock were exchanged, compared to its average volume of 1,167,368. The company has a fifty day moving average price of $21.88 and a 200-day moving average price of $26.24. 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 quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.
Insider Activity at Onestream
In other news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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. 12.77% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms recently issued reports on OS. Wedbush lowered their target price on Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Guggenheim reiterated a "buy" rating and issued a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Raymond James reissued an "outperform" rating and set a $29.00 price objective (down previously from $32.00) on shares of Onestream in a research report on Friday, May 9th. Stephens raised their price objective on shares of Onestream from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $30.00 to $26.00 in a research note 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.19.
Get Our Latest Stock Report on OS
About Onestream
(
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.
See Also
Before you consider Onestream, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Onestream wasn't on the list.
While Onestream currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
