Voleon Capital Management LP Takes $1.25 Million Position in Onestream, Inc. (NASDAQ:OS)

Voleon Capital Management LP bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 43,725 shares of the company's stock, valued at approximately $1,247,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC bought a new stake in shares of Onestream during the 3rd quarter worth $369,000. Geode Capital Management LLC bought a new stake in Onestream during the third quarter worth about $10,331,000. Franklin Resources Inc. purchased a new position in shares of Onestream in the 3rd quarter worth about $3,491,000. JPMorgan Chase & Co. bought a new position in shares of Onestream during the 3rd quarter valued at about $1,037,000. Finally, Diversified Trust Co purchased a new position in shares of Onestream during the 4th quarter valued at about $1,004,000.

Insiders Place Their Bets

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of the business's stock in a transaction that occurred 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.

Onestream Price Performance

Shares of NASDAQ OS traded up $1.17 during midday trading on Friday, hitting $23.23. 1,327,887 shares of the company traded hands, compared to its average volume of 1,150,767. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The stock has a 50-day moving average price of $21.27 and a 200 day moving average price of $26.59.

Onestream (NASDAQ:OS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. On average, sell-side analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OS. Mizuho started coverage on shares of Onestream in a research report on Wednesday. They set an "outperform" rating and a $30.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Guggenheim reiterated a "buy" rating and issued a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. BNP Paribas initiated coverage on shares of Onestream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target for the company. Finally, Piper Sandler decreased their price objective on Onestream from $37.00 to $24.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $32.14.

About Onestream

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.