Seven Grand Managers LLC Has $8.56 Million Stake in Onestream, Inc. (NASDAQ:OS)

Seven Grand Managers LLC raised its holdings in Onestream, Inc. (NASDAQ:OS) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Onestream comprises about 3.9% of Seven Grand Managers LLC’s holdings, making the stock its 7th largest position. Seven Grand Managers LLC owned approximately 0.13% of Onestream worth $8,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OS. Barclays PLC bought a new position in Onestream during the 3rd quarter valued at $369,000. Franklin Resources Inc. purchased a new stake in shares of Onestream in the third quarter valued at about $3,491,000. JPMorgan Chase & Co. bought a new position in shares of Onestream during the third quarter valued at about $1,037,000. Moody National Bank Trust Division bought a new position in shares of Onestream during the fourth quarter valued at about $200,000. Finally, SG Americas Securities LLC purchased a new position in Onestream during the fourth quarter worth about $166,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho lifted their target price on shares of Onestream from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets increased their price target on Onestream from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Scotiabank restated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Finally, Morgan Stanley lowered their target price on Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Onestream presently has an average rating of “Moderate Buy” and an average target price of $32.10.

Onestream Stock Performance

Shares of OS stock opened at $28.35 on Friday. The firm’s 50 day moving average is $21.74 and its 200 day moving average is $26.32. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

Onestream (NASDAQ:OS) last issued its 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 for the quarter, compared to the consensus estimate of $131.08 million. Onestream’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The shares were 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 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.