PDT Partners LLC Acquires Shares of 71,424 Onestream, Inc. (NASDAQ:OS)

PDT Partners LLC bought a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 71,424 shares of the company's stock, valued at approximately $2,037,000.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Onestream in the 4th quarter valued at approximately $166,000. IFP Advisors Inc acquired a new position in Onestream during the 4th quarter worth about $168,000. Moody National Bank Trust Division bought a new stake in shares of Onestream in the 4th quarter valued at about $200,000. PNC Financial Services Group Inc. increased its stake in shares of Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after buying an additional 2,600 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Onestream in the fourth quarter worth approximately $214,000.

Onestream Stock Performance

Shares of Onestream stock traded up $1.17 on Friday, hitting $23.23. The company had a trading volume of 1,327,887 shares, compared to its average volume of 1,150,767. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The stock has a 50 day moving average of $21.27 and a 200-day moving average of $26.61.

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

Analysts Set New Price Targets

A number of analysts have weighed in on OS shares. Stephens began coverage on shares of Onestream in a research report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 target price for the company. Scotiabank reissued an "outperform" rating on shares of Onestream in a research note on Thursday, April 24th. BNP Paribas started coverage on Onestream in a report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target for the company. Truist Financial lowered their price objective on Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, The Goldman Sachs Group cut their target price on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.14.

Insider Activity at Onestream

In related 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 insiders.

Onestream 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.