Alliancebernstein L.P. increased its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 122.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,465,679 shares of the company's stock after buying an additional 1,357,860 shares during the quarter. Alliancebernstein L.P. owned 1.05% of Onestream worth $70,321,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in shares of Onestream in the third quarter valued at approximately $77,000. SG Americas Securities LLC bought a new position in Onestream in the 4th quarter valued at $166,000. IFP Advisors Inc acquired a new position in Onestream in the fourth quarter worth $168,000. Moody National Bank Trust Division bought a new stake in shares of Onestream during the fourth quarter worth $200,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after purchasing an additional 2,600 shares during the last quarter.
Wall Street Analyst Weigh In
OS has been the topic of several research reports. BMO Capital Markets reduced their price target on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley reduced their target price on shares of Onestream from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Wedbush began coverage on shares of Onestream in a report on Thursday, December 19th. They issued an "outperform" rating and a $40.00 price target for the company. Stephens started coverage on shares of Onestream in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective 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 research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.84.
Check Out Our Latest Stock Report on OS
Onestream Price Performance
Shares of Onestream stock traded up $0.42 during trading on Tuesday, hitting $18.89. 420,035 shares of the company were exchanged, compared to its average volume of 1,176,658. The firm's fifty day moving average price is $24.26 and its 200 day moving average price is $28.23. Onestream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39.
Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.
Insider Transactions at Onestream
In other news, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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