Envestnet Asset Management Inc. Sells 34,646 Shares of Onestream, Inc. (NASDAQ:OS)

Envestnet Asset Management Inc. lessened its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,192 shares of the company's stock after selling 34,646 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Onestream were worth $3,257,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ExodusPoint Capital Management LP bought a new stake in Onestream during the fourth quarter valued at about $270,000. Massachusetts Financial Services Co. MA grew its holdings in Onestream by 8.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,817 shares of the company's stock valued at $24,180,000 after buying an additional 66,325 shares during the last quarter. Geode Capital Management LLC increased its position in Onestream by 52.0% in the 4th quarter. Geode Capital Management LLC now owns 462,967 shares of the company's stock worth $13,211,000 after buying an additional 158,344 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Onestream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after buying an additional 1,238 shares during the last quarter. Finally, Scalar Gauge Management LLC acquired a new stake in shares of Onestream in the fourth quarter worth $2,023,000.

Onestream Price Performance

Shares of OS traded up $0.02 during mid-day trading on Friday, hitting $21.29. 640,019 shares of the company traded hands, compared to its average volume of 1,157,470. The business has a 50-day moving average of $21.53 and a 200 day moving average of $26.85. Onestream, Inc. has a one year low of $16.69 and a one 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, beating analysts' consensus estimates of $0.02 by $0.05. Sell-side analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Company insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on OS shares. BNP Paribas assumed coverage on shares of Onestream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target on the stock. JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $30.00 to $26.00 in a research note 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 for the company in a research report on Friday, March 28th. Scotiabank reiterated an "outperform" rating on shares of Onestream in a research note on Thursday. Finally, Stephens initiated coverage on shares of Onestream in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price objective for the company. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.25.

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.