Hood River Capital Management LLC acquired a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 646,112 shares of the company's stock, valued at approximately $18,427,000. Hood River Capital Management LLC owned 0.28% of Onestream as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Onestream in the fourth quarter valued at $166,000. IFP Advisors Inc purchased a new position in shares of Onestream during the 4th quarter valued at about $168,000. Moody National Bank Trust Division bought a new stake in Onestream in the 4th quarter worth approximately $200,000. PNC Financial Services Group Inc. boosted its stake in Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after buying an additional 2,600 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Onestream during the fourth quarter worth approximately $214,000.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on OS shares. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. JPMorgan Chase & Co. downgraded Onestream from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Stephens started coverage on Onestream in a research report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 price target on the stock. BNP Paribas initiated coverage on Onestream in a research note on Tuesday. They set an "outperform" rating and a $30.00 price objective for the company. Finally, Guggenheim restated a "buy" rating and issued a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.30.
View Our Latest Stock Report on OS
Insiders Place Their Bets
In related news, CFO William A. Koefoed sold 10,000 shares of the firm'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 transaction of $250,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Kinzer sold 40,000 shares of the company's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here.
Onestream Trading Up 6.1 %
NASDAQ OS opened at $19.79 on Wednesday. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The stock has a 50-day moving average of $21.80 and a 200 day moving average of $27.05.
Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. Analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.
About Onestream
(
Free Report)
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.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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