Seven Grand Managers LLC Has $8.56 Million Holdings in Onestream, Inc. (NASDAQ:OS)

Seven Grand Managers LLC grew its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the company's stock after purchasing an additional 100,000 shares during the period. Onestream accounts for about 3.9% of Seven Grand Managers LLC's investment portfolio, making the stock its 7th largest position. Seven Grand Managers LLC owned about 0.13% of Onestream worth $8,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC purchased a new position in Onestream in the 3rd quarter worth approximately $369,000. Franklin Resources Inc. acquired a new position in Onestream in the third quarter worth $3,491,000. JPMorgan Chase & Co. bought a new position in shares of Onestream in the 3rd quarter worth about $1,037,000. Moody National Bank Trust Division acquired a new position in shares of Onestream in the 4th quarter valued at about $200,000. Finally, SG Americas Securities LLC bought a new stake in shares of Onestream during the 4th quarter valued at about $166,000.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the company'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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on OS shares. Raymond James reiterated an "outperform" rating and issued a $29.00 price objective (down from $32.00) on shares of Onestream in a research report on Friday, May 9th. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. BNP Paribas initiated coverage on shares of Onestream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective on the stock. Mizuho raised their target price on Onestream from $30.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wedbush reduced their target price on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.19.

Onestream Price Performance

Onestream stock traded down $0.27 during trading hours on Wednesday, hitting $28.16. 464,278 shares of the stock were exchanged, compared to its average volume of 1,165,978. The business's 50-day moving average is $22.19 and its two-hundred day moving average is $26.25. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. The company's revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current fiscal 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.