Arrowstreet Capital Limited Partnership Makes New Investment in Onestream, Inc. (NASDAQ:OS)

Arrowstreet Capital Limited Partnership bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 121,054 shares of the company's stock, valued at approximately $3,452,000. Arrowstreet Capital Limited Partnership owned about 0.05% of Onestream as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OS. Charles Schwab Investment Management Inc. purchased a new stake in Onestream during the third quarter valued at about $5,617,000. FMR LLC acquired a new position in Onestream in the 3rd quarter worth approximately $29,381,000. Verition Fund Management LLC acquired a new position in Onestream in the 3rd quarter worth approximately $341,000. HighTower Advisors LLC purchased a new position in Onestream during the 3rd quarter worth approximately $222,000. Finally, Point72 Asset Management L.P. acquired a new stake in Onestream during the 3rd quarter valued at $77,000.

Onestream Stock Performance

OS stock traded up $0.31 during mid-day trading on Monday, hitting $19.88. 40,946 shares of the company were exchanged, compared to its average volume of 1,173,840. Onestream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The firm's 50 day simple moving average is $23.02 and its 200 day simple moving average is $27.66.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Guggenheim reaffirmed a "buy" rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Truist Financial lowered their price target on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group cut their price objective on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Finally, BMO Capital Markets cut their price target on Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.84.

Insider Buying and Selling at Onestream

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 stock was sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred 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. In the last quarter, insiders have sold 60,000 shares of company stock worth $1,327,300.

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.