Moore Capital Management LP Invests $713,000 in Onestream, Inc. (NASDAQ:OS)

Moore Capital Management LP bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 25,000 shares of the company's stock, valued at approximately $713,000.

A number of other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Onestream during the 4th quarter worth $166,000. IFP Advisors Inc acquired a new stake in Onestream during the 4th quarter worth $168,000. Moody National Bank Trust Division acquired a new stake in Onestream during the 4th quarter worth $200,000. PNC Financial Services Group Inc. boosted its stake in 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 purchasing an additional 2,600 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Onestream during the 4th quarter worth $214,000.

Insider Transactions at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the business'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 disclosure for this sale can be found here. Corporate insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OS. Piper Sandler increased their price target on shares of Onestream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Friday. Wedbush cut their price objective on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Bank of America upped their price objective on shares of Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday. Guggenheim restated a "buy" rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Onestream presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.19.

Onestream Trading Down 0.3%

Shares of NASDAQ:OS traded down $0.08 during midday trading on Friday, hitting $28.27. 1,087,467 shares of the stock were exchanged, compared to its average volume of 1,172,156. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The company has a 50 day moving average price of $21.88 and a 200-day moving average price of $26.30.

Onestream (NASDAQ:OS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The business's quarterly revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

About Onestream

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.