Burkehill Global Management LP Takes Position in Onestream, Inc. (NASDAQ:OS)

Burkehill Global Management LP bought a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 800,000 shares of the company's stock, valued at approximately $22,816,000. Onestream makes up about 2.2% of Burkehill Global Management LP's holdings, making the stock its 13th largest position. Burkehill Global Management LP owned about 0.34% of Onestream as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OS. TimesSquare Capital Management LLC raised its position in Onestream by 5.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company's stock valued at $60,001,000 after purchasing an additional 105,403 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of Onestream in the 3rd quarter worth approximately $37,290,000. Soros Fund Management LLC acquired a new position in shares of Onestream in the 3rd quarter worth approximately $33,900,000. FMR LLC purchased a new position in shares of Onestream during the 3rd quarter worth approximately $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Onestream in the 3rd quarter valued at approximately $26,493,000.

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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Onestream Stock Up 3.7 %

NASDAQ OS traded up $0.76 during trading on Friday, reaching $21.11. 860,766 shares of the company's stock were exchanged, compared to its average volume of 1,697,575. The company has a 50 day moving average price of $26.32 and a two-hundred day moving average price of $29.13. Onestream, Inc. has a 1 year low of $20.00 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 analysts' consensus estimates of $0.02 by $0.05. On average, analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Guggenheim restated a "buy" rating and set a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on Onestream in a report on Wednesday, December 11th. They set a "buy" rating and a $37.00 target price for the company. BMO Capital Markets cut their price target on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Onestream has an average rating of "Moderate Buy" and an average price target of $35.11.

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.