Quantbot Technologies LP Makes New $1.10 Million Investment in Onestream, Inc. (NASDAQ:OS)

Quantbot Technologies LP bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,395 shares of the company's stock, valued at approximately $1,095,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Temasek Holdings Private Ltd bought a new position in Onestream in the 3rd quarter worth $37,290,000. Soros Fund Management LLC bought a new position in shares of Onestream in the third quarter worth about $33,900,000. FMR LLC bought a new position in shares of Onestream in the third quarter worth about $29,381,000. Burkehill Global Management LP purchased a new position in shares of Onestream during the 4th quarter valued at about $22,816,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Onestream during the 3rd quarter valued at approximately $26,493,000.

Insider Activity

In related news, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday. Citigroup lowered their target price on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. BMO Capital Markets lowered their price objective on Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Wedbush assumed coverage on Onestream in a research report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.37.

Remove Ads

Onestream Trading Down 5.5 %

NASDAQ OS traded down $1.27 during trading hours on Friday, hitting $21.95. 1,101,175 shares of the company were exchanged, compared to its average volume of 1,174,223. Onestream, Inc. has a 52 week low of $20.00 and a 52 week high of $35.39. The stock has a 50-day moving average price of $25.37 and a 200 day moving average price of $28.64.

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, research analysts expect that Onestream, Inc. will post 0.05 EPS for the current year.

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.