Covalis Capital LLP Purchases Shares of 85,000 Onestream, Inc. (NASDAQ:OS)

Covalis Capital LLP acquired a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 85,000 shares of the company's stock, valued at approximately $2,424,000.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP grew its position in Onestream by 3.4% during the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after buying an additional 1,731 shares during the period. Champlain Investment Partners LLC purchased a new position in Onestream during the 4th quarter valued at $98,076,000. Marshall Wace LLP grew its stake in shares of Onestream by 227.8% in the 4th quarter. Marshall Wace LLP now owns 452,090 shares of the company's stock worth $12,894,000 after buying an additional 314,172 shares during the last quarter. Jump Financial LLC purchased a new stake in Onestream in the fourth quarter worth approximately $766,000. Finally, Walleye Capital LLC bought a new position in shares of Onestream in the fourth quarter worth approximately $4,535,000.

Onestream Stock Performance

OS stock traded up $1.03 during trading on Thursday, hitting $21.24. The company had a trading volume of 167,266 shares, compared to its average volume of 1,157,246. The firm has a 50-day moving average price of $21.69 and a 200-day moving average price of $27.00. 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 data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. As a group, equities research analysts forecast that Onestream, Inc. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Citigroup dropped their price objective on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Truist Financial cut their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group decreased their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Piper Sandler cut their price target on shares of Onestream from $37.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Onestream has an average rating of "Moderate Buy" and a consensus price target of $32.25.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Kinzer sold 40,000 shares of the stock in a transaction that occurred on 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.

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.