Bessemer Group Inc. Invests $1.54 Million in Onestream, Inc. (NASDAQ:OS)

Bessemer Group Inc. purchased a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 54,010 shares of the company's stock, valued at approximately $1,541,000.

A number of other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Onestream during the 4th quarter worth approximately $166,000. IFP Advisors Inc purchased a new position in shares of Onestream in the fourth quarter valued at $168,000. Moody National Bank Trust Division acquired a new position in shares of Onestream during the 4th quarter worth $200,000. PNC Financial Services Group Inc. boosted its position in shares of Onestream by 57.9% in the 4th 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 acquired a new stake in Onestream in the 4th quarter valued at about $214,000.

Insider Activity

In other Onestream news, Director John Kinzer sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

OS has been the topic of several recent research reports. Stephens began coverage on shares of Onestream in a report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price target on the stock. Citigroup reduced their target price on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Guggenheim reissued a "buy" rating and set a $35.00 price target on shares of Onestream in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $38.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.47.

Onestream Price Performance

Onestream stock traded up $0.25 during midday trading on Friday, reaching $19.66. The stock had a trading volume of 621,236 shares, compared to its average volume of 1,167,934. The stock's 50-day simple moving average is $22.22 and its 200 day simple moving average is $27.35. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. As a group, research analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Onestream Profile

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.