102,110 Shares in Onestream, Inc. (NASDAQ:OS) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in Onestream, Inc. (NASDAQ:OS) in the fourth quarter, HoldingsChannel reports. The fund bought 102,110 shares of the company’s stock, valued at approximately $2,912,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Onestream during the 3rd quarter valued at $369,000. Franklin Resources Inc. bought a new position in shares of Onestream during the 3rd quarter valued at $3,491,000. JPMorgan Chase & Co. bought a new position in shares of Onestream during the 3rd quarter valued at $1,037,000. Moody National Bank Trust Division bought a new position in shares of Onestream during the 4th quarter valued at $200,000. Finally, SG Americas Securities LLC bought a new position in shares of Onestream during the 4th quarter valued at $166,000.

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and cut their price target for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Stephens raised their price target on shares of Onestream from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Truist Financial dropped their target price on shares of Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Bank of America lifted their target price on shares of Onestream from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wedbush dropped their target price on shares of Onestream from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.10.

Onestream Trading Down 0.2%

Shares of Onestream stock opened at $28.35 on Friday. The firm’s 50-day simple moving average is $21.74 and its 200-day simple moving average is $26.32. Onestream, Inc. has a twelve month low of $16.69 and a twelve 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 for the quarter, beating the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.