Invesco Ltd. lifted its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 218.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,621,265 shares of the company's stock after purchasing an additional 1,112,840 shares during the period. Invesco Ltd. owned about 0.69% of Onestream worth $46,238,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in Onestream by 66.7% during the 4th quarter. Federated Hermes Inc. now owns 500,000 shares of the company's stock valued at $14,260,000 after acquiring an additional 200,000 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Onestream during the 4th quarter valued at $1,901,000. ExodusPoint Capital Management LP purchased a new position in Onestream in the 4th quarter worth approximately $270,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Onestream by 8.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,817 shares of the company's stock worth $24,180,000 after purchasing an additional 66,325 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Onestream by 52.0% in the fourth quarter. Geode Capital Management LLC now owns 462,967 shares of the company's stock worth $13,211,000 after purchasing an additional 158,344 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have weighed in on OS shares. Guggenheim reissued a "buy" rating and issued a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Truist Financial lowered their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. Citigroup reduced their price objective on Onestream from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut shares of Onestream from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $30.00 to $26.00 in a research note 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.47.
Check Out Our Latest Analysis on OS
Onestream Stock Performance
Shares of OS stock traded down $0.86 during trading hours on Monday, hitting $18.81. The company had a trading volume of 44,217 shares, compared to its average volume of 1,162,001. Onestream, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $35.39. The company's fifty day moving average is $22.00 and its 200 day moving average is $27.19.
Onestream (NASDAQ:OS - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. As a group, equities research analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.
Insider Activity at Onestream
In other news, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the stock in a transaction 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.
Onestream Company Profile
(
Free Report)
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.
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