Moore Capital Management LP Takes Position in Onestream, Inc. (NASDAQ:OS)

Moore Capital Management LP acquired a new stake in Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $713,000.

Several other large investors also recently made changes to their positions in OS. Norges Bank acquired a new stake in Onestream during the 4th quarter valued at $119,214,000. Champlain Investment Partners LLC acquired a new stake in Onestream during the 4th quarter valued at $98,076,000. JPMorgan Chase & Co. lifted its holdings in Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock valued at $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. Alliancebernstein L.P. increased its position in Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after buying an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. increased its position in Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after buying an additional 1,268,733 shares during the period.

Insider Buying and Selling at Onestream

In other news, Director John Kinzer sold 40,000 shares of Onestream 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 sale was disclosed in a document filed with the SEC, which is available 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. Company insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OS shares. Wedbush lowered their price objective on Onestream from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Morgan Stanley lowered their price objective on Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler increased their price objective on Onestream from $24.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. BMO Capital Markets lowered their price objective on Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Stephens increased their price objective on Onestream from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

Onestream Trading Up 0.1%

Onestream stock opened at $27.70 on Wednesday. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The business’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $26.34.

Onestream (NASDAQ:OS) last released 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 during the quarter, compared to the consensus estimate of $131.08 million. The company’s revenue was up 23.6% compared to the same quarter last year. As a group, equities research analysts forecast that Onestream, Inc. will post 0.05 EPS for the current year.

About Onestream

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.