85,000 Shares in Onestream, Inc. (NASDAQ:OS) Bought by Fortress Investment Group LLC

Fortress Investment Group LLC bought a new stake in shares of Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 85,000 shares of the company’s stock, valued at approximately $2,424,000. Onestream comprises about 0.4% of Fortress Investment Group LLC’s investment portfolio, making the stock its 8th largest holding.

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

Onestream Stock Up 7.1 %

Onestream stock opened at $26.09 on Friday. Onestream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39. The company has a 50 day moving average price of $21.34 and a 200 day moving average price of $26.42.

Onestream (NASDAQ:OS) last issued its quarterly 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 business had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. Research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity

In other 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 transaction of $811,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OS shares. Truist Financial lowered their target price on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Scotiabank restated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on shares of Onestream from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Morgan Stanley decreased their price objective 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. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

Onestream Company 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.