70,947 Shares in Onestream, Inc. (NASDAQ:OS) Bought by Scalar Gauge Management LLC

Scalar Gauge Management LLC acquired a new stake in Onestream, Inc. (NASDAQ:OS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 70,947 shares of the company’s stock, valued at approximately $2,023,000. Onestream makes up about 0.9% of Scalar Gauge Management LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OS. Point72 Asset Management L.P. acquired a new stake in shares of Onestream in the third quarter valued at approximately $77,000. SG Americas Securities LLC bought a new position in Onestream in the fourth quarter valued at $166,000. IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter valued at $168,000. HighTower Advisors LLC bought a new stake in Onestream during the 3rd quarter worth about $222,000. Finally, Moody National Bank Trust Division acquired a new position in shares of Onestream during the 4th quarter worth about $200,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OS shares. Citigroup lowered their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley dropped their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their price objective on shares of Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.37.

Onestream Price Performance

OS opened at $21.95 on Monday. The stock has a fifty day moving average of $25.37 and a 200-day moving average of $28.64. Onestream, Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, equities research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the firm’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 this link.

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.