Onestream, Inc. (NASDAQ:OS) Shares Bought by Blackstone Inc.

Blackstone Inc. raised its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 47.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company's stock after purchasing an additional 80,000 shares during the quarter. Blackstone Inc. owned about 0.11% of Onestream worth $7,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after buying an additional 1,566,276 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Onestream during the fourth quarter worth $1,004,000. Barclays PLC purchased a new position in shares of Onestream during the third quarter worth $369,000. Harbor Capital Advisors Inc. lifted its position in Onestream by 58.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company's stock valued at $1,887,000 after purchasing an additional 24,377 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Onestream in the third quarter valued at $3,491,000.

Onestream Price Performance

Shares of OS stock opened at $23.10 on Tuesday. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The company's 50-day moving average price is $21.25 and its 200-day moving average price is $26.53.

Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. Equities research analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OS. Mizuho started coverage on Onestream in a research report on Wednesday, April 30th. They set an "outperform" rating and a $30.00 price target for the company. Truist Financial cut their target price on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a report on Monday, April 7th. Guggenheim reissued a "buy" rating and set a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Stephens assumed coverage on shares of Onestream in a research report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. 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. Based on data from MarketBeat.com, Onestream has an average rating of "Moderate Buy" and an average price target of $32.14.

Insider Buying and Selling

In other news, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Kinzer sold 40,000 shares of Onestream 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. 12.77% of the stock is currently owned by company insiders.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.

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