Onestream, Inc. (NASDAQ:OS) Position Trimmed by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. reduced its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,062 shares of the company's stock after selling 176,168 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Onestream were worth $3,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OS. Barclays PLC purchased a new position in shares of Onestream during the 3rd quarter valued at approximately $369,000. Franklin Resources Inc. bought a new position in Onestream during the third quarter worth $3,491,000. JPMorgan Chase & Co. bought a new position in Onestream during the third quarter worth $1,037,000. Harbor Capital Advisors Inc. lifted its stake in Onestream by 58.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company's stock worth $1,887,000 after purchasing an additional 24,377 shares during the last quarter. Finally, Moody National Bank Trust Division bought a new position in Onestream during the fourth quarter worth $200,000.

Onestream Price Performance

Shares of OS traded up $0.70 during trading hours on Wednesday, reaching $28.40. 1,650,576 shares of the company's stock traded hands, compared to its average volume of 1,172,147. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The business's fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $26.35.

Onestream (NASDAQ:OS - Get Free Report) last released 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 firm had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. Equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the firm's 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 corporate insiders.

Wall Street Analysts Forecast Growth

OS has been the topic of several research analyst reports. Bank of America raised their price objective on Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday. Raymond James restated an "outperform" rating and set a $29.00 price objective (down from $32.00) on shares of Onestream in a research note on Friday, May 9th. BNP Paribas initiated coverage on Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective on the stock. Guggenheim restated a "buy" rating and set a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, Wedbush reduced their price objective on Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

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.