14,600 Shares in Onestream, Inc. (NASDAQ:OS) Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in Onestream, Inc. (NASDAQ:OS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,600 shares of the company’s stock, valued at approximately $416,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Onestream in the 4th quarter valued at $166,000. IFP Advisors Inc purchased a new position in shares of Onestream in the 4th quarter worth $168,000. PNC Financial Services Group Inc. boosted its holdings in Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after acquiring an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Onestream in the fourth quarter valued at $214,000. Finally, Hsbc Holdings PLC purchased a new stake in Onestream during the fourth quarter valued at about $238,000.

Onestream Price Performance

Shares of OS opened at $28.27 on Monday. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The stock has a 50-day moving average price of $21.88 and a 200 day moving average price of $26.24.

Onestream (NASDAQ:OS) last released its earnings results on Thursday, May 8th. The company reported $0.04 EPS 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 analysts’ expectations of $131.08 million. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities research analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

OS has been the topic of a number of research reports. Morgan Stanley cut their price objective on Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Onestream in a research 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. Scotiabank reiterated an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.19.

Insider Activity at Onestream

In related news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Kinzer sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Onestream 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.