Massachusetts Financial Services Co. MA boosted its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 847,817 shares of the company's stock after acquiring an additional 66,325 shares during the period. Massachusetts Financial Services Co. MA owned 0.36% of Onestream worth $24,180,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of Onestream during the third quarter worth about $77,000. SG Americas Securities LLC acquired a new stake in Onestream in the 4th quarter worth approximately $166,000. IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter worth approximately $168,000. HighTower Advisors LLC purchased a new stake in Onestream during the 3rd quarter worth approximately $222,000. Finally, Moody National Bank Trust Division acquired a new position in Onestream during the 4th quarter valued at approximately $200,000.
Wall Street Analysts Forecast Growth
OS has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Truist Financial lowered their price target on Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday. Morgan Stanley dropped their price target on Onestream from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Wedbush assumed coverage on Onestream in a research note on Thursday, December 19th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Citigroup dropped their target price on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.84.
Read Our Latest Stock Analysis on Onestream
Insiders Place Their Bets
In related news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,000 shares of company stock worth $1,327,300.
Onestream Stock Performance
NASDAQ OS traded up $0.07 during mid-day trading on Friday, reaching $19.57. 770,614 shares of the stock were exchanged, compared to its average volume of 1,179,956. The business's 50 day moving average is $23.02 and its 200-day moving average is $27.71. 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 posted its 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, research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.
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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