Geode Capital Management LLC boosted its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 462,967 shares of the company's stock after purchasing an additional 158,344 shares during the period. Geode Capital Management LLC owned approximately 0.20% of Onestream worth $13,211,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of OS. Franklin Resources Inc. raised its stake in shares of Onestream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after buying an additional 1,238 shares during the last quarter. Scalar Gauge Management LLC acquired a new position in shares of Onestream during the 4th quarter worth approximately $2,023,000. Alliancebernstein L.P. lifted its holdings in Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after purchasing an additional 1,357,860 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Onestream in the 4th quarter valued at about $3,452,000. Finally, Norges Bank acquired a new position in Onestream in the 4th quarter valued at $119,214,000.
Onestream Stock Down 0.1 %
Shares of Onestream stock traded down $0.02 during trading hours on Friday, reaching $21.26. 225,403 shares of the company were exchanged, compared to its average volume of 1,431,360. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The stock's fifty day moving average is $21.61 and its 200 day moving average is $26.94.
Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, equities analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on OS shares. BMO Capital Markets dropped their price target on Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target 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. Truist Financial cut their price objective on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Stephens initiated coverage on shares of Onestream in a research note on Wednesday, March 19th. They set an "overweight" rating and a $27.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Onestream from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.25.
Read Our Latest Analysis on OS
Insider Activity at Onestream
In other news, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 is accessible through the SEC website. Also, Director John Kinzer sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was 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. 12.77% of the stock is owned by corporate insiders.
About Onestream
(
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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