IFP Advisors Inc Purchases New Stake in Onestream, Inc. (NASDAQ:OS)

IFP Advisors Inc purchased a new stake in Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,882 shares of the company’s stock, valued at approximately $168,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OS. First Horizon Advisors Inc. purchased a new position in Onestream in the third quarter worth approximately $27,000. Point72 Asset Management L.P. purchased a new position in Onestream in the third quarter worth approximately $77,000. RiverPark Advisors LLC purchased a new position in Onestream in the third quarter worth approximately $92,000. SG Americas Securities LLC purchased a new position in Onestream in the fourth quarter worth approximately $166,000. Finally, HighTower Advisors LLC purchased a new position in Onestream in the third quarter worth approximately $222,000.

Onestream Trading Down 2.6 %

NASDAQ:OS opened at $22.69 on Tuesday. The stock has a fifty day moving average price of $27.67 and a 200 day moving average price of $29.64. Onestream, Inc. has a 12-month low of $21.75 and a 12-month high of $35.39.

Onestream (NASDAQ:OS) last released its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, sell-side analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling at Onestream

In other news, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 313,765 shares of company stock worth $9,247,850 over the last ninety days.

Analyst Upgrades and Downgrades

OS has been the subject of several analyst reports. Raymond James increased their price objective on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank increased their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Wedbush began coverage on Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets lowered 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. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.11.

Onestream 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.