46,165 Shares in Onestream, Inc. (NASDAQ:OS) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new stake in Onestream, Inc. (NASDAQ:OS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 46,165 shares of the company’s stock, valued at approximately $1,317,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Onestream in the fourth quarter worth $166,000. IFP Advisors Inc bought a new position in Onestream in the 4th quarter worth about $168,000. Moody National Bank Trust Division bought a new position in Onestream in the 4th quarter worth about $200,000. PNC Financial Services Group Inc. grew its holdings in Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after buying an additional 2,600 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Onestream during the fourth quarter valued at about $214,000.

Onestream Stock Performance

NASDAQ OS opened at $27.70 on Wednesday. The company has a 50-day simple moving average of $21.52 and a two-hundred day simple moving average of $26.34. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39.

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

Analyst Ratings Changes

OS has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Morgan Stanley cut their price target on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. Guggenheim reissued a “buy” rating and set a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, Wedbush decreased their target price on Onestream from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.14.

Insider Buying and Selling at Onestream

In related news, Director John Kinzer sold 40,000 shares of the company’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 transaction of $811,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction on 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. Corporate insiders own 12.77% of the company’s stock.

Onestream Company 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.