Balyasny Asset Management L.P. Trims Stake in Onestream, Inc. (NASDAQ:OS)

Balyasny Asset Management L.P. lowered its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 62.4% during the fourth quarter, according to its most recent disclosure 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.

A number of other institutional investors have also bought and sold shares of OS. Norges Bank bought a new position in shares of Onestream during the 4th quarter worth about $119,214,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Onestream by 3.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock worth $107,948,000 after purchasing an additional 115,176 shares in the last quarter. Vanguard Group Inc. boosted its position 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 worth $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Onestream during the 4th quarter worth about $98,076,000. Finally, Alliancebernstein L.P. boosted its position in shares of Onestream by 122.6% during the 4th 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 in the last quarter.

Insider Transactions at Onestream

In related news, 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 value of $811,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction that occurred on 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OS. Guggenheim reissued a "buy" rating and set a $35.00 price objective on shares of Onestream in a research 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 target on shares of Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Bank of America raised their price target on shares of Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley dropped their price target on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Onestream has an average rating of "Moderate Buy" and a consensus target price of $32.19.

Onestream Trading Down 0.3%

Shares of OS stock traded down $0.08 during trading hours on Friday, hitting $28.27. 1,087,467 shares of the company were exchanged, compared to its average volume of 1,172,156. The firm has a fifty day simple moving average of $21.88 and a 200 day simple moving average of $26.27. Onestream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The business's quarterly revenue was up 23.6% on a year-over-year basis. Sell-side analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

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.