Next Century Growth Investors LLC Buys 92,862 Shares of Onestream, Inc. (NASDAQ:OS)

Next Century Growth Investors LLC lifted its holdings in Onestream, Inc. (NASDAQ:OS - Free Report) by 82.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,933 shares of the company's stock after buying an additional 92,862 shares during the quarter. Next Century Growth Investors LLC owned about 0.09% of Onestream worth $5,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in Onestream during the 3rd quarter valued at about $77,000. SG Americas Securities LLC acquired a new stake in Onestream during the 4th quarter worth $166,000. IFP Advisors Inc bought a new stake in shares of Onestream during the 4th quarter valued at $168,000. Moody National Bank Trust Division acquired a new position in shares of Onestream in the 4th quarter valued at $200,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after purchasing an additional 2,600 shares during the last quarter.

Onestream Stock Performance

NASDAQ OS traded up $0.19 on Thursday, hitting $19.60. 218,043 shares of the stock were exchanged, compared to its average volume of 1,165,853. The business's fifty day moving average is $22.42 and its 200 day moving average is $27.45. 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 issued its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. As a group, research analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Kinzer sold 40,000 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. cut Onestream from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Guggenheim reaffirmed a "buy" rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, Stephens started coverage on shares of Onestream in a report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price target for the company. Two equities research 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, Onestream presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.47.

Onestream Company 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.