Jump Financial LLC Makes New Investment in Onestream, Inc. (NASDAQ:OS)

Jump Financial LLC bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,865 shares of the company's stock, valued at approximately $766,000.

Several other hedge funds have also made changes to their positions in OS. SG Americas Securities LLC purchased a new position in Onestream during the 4th quarter worth $166,000. IFP Advisors Inc acquired a new position in shares of Onestream during the fourth quarter worth about $168,000. HighTower Advisors LLC purchased a new position in Onestream during the third quarter worth about $222,000. Moody National Bank Trust Division acquired a new stake in Onestream in the fourth quarter valued at about $200,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OS shares. JPMorgan Chase & Co. cut Onestream from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Guggenheim reissued a "buy" rating and issued a $35.00 target price on shares of Onestream in a report on Wednesday, February 12th. Truist Financial decreased their target price 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. BNP Paribas started coverage on shares of Onestream in a research note on Tuesday. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.30.

Onestream Stock Up 6.1 %

OS opened at $19.79 on Wednesday. The business's fifty day simple moving average is $21.80 and its 200 day simple moving average is $27.05. Onestream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, equities analysts expect that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Onestream news, Director John Kinzer sold 40,000 shares of Onestream stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The transaction was disclosed in a legal 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 dated 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.

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.

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