Balyasny Asset Management L.P. Has $3.03 Million Stock Holdings in Onestream, Inc. (NASDAQ:OS)

Balyasny Asset Management L.P. lessened its stake in shares of Onestream, Inc. (NASDAQ:OS) by 62.4% during the 4th quarter, HoldingsChannel reports. The firm owned 106,062 shares of the company’s stock after selling 176,168 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Onestream were worth $3,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Onestream in the fourth quarter worth $166,000. IFP Advisors Inc acquired a new stake in shares of Onestream in the fourth quarter worth $168,000. Moody National Bank Trust Division acquired a new stake in shares of Onestream in the fourth quarter worth $200,000. PNC Financial Services Group Inc. grew its stake in shares of Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after acquiring an additional 2,600 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Onestream in the fourth quarter worth $214,000.

Onestream Stock Up 7.1%

Onestream stock opened at $26.09 on Monday. The stock has a 50-day simple moving average of $21.34 and a 200 day simple moving average of $26.35. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39.

Onestream (NASDAQ:OS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OS. Piper Sandler raised their price objective on shares of Onestream from $24.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial decreased their price target on shares of Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Guggenheim reiterated a “buy” rating and set a $35.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, BMO Capital Markets decreased their price target on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

Insider Activity at Onestream

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Onestream Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.