Boothbay Fund Management LLC Grows Position in Onestream, Inc. (NASDAQ:OS)

Boothbay Fund Management LLC increased its holdings in shares of Onestream, Inc. (NASDAQ:OS) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,000 shares of the company’s stock after purchasing an additional 27,500 shares during the quarter. Boothbay Fund Management LLC’s holdings in Onestream were worth $1,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp purchased a new position in shares of Onestream during the third quarter worth $3,878,000. Barclays PLC acquired a new position in Onestream during the 3rd quarter worth about $369,000. Geode Capital Management LLC purchased a new position in Onestream during the 3rd quarter valued at about $10,331,000. Franklin Resources Inc. acquired a new position in Onestream in the 3rd quarter valued at about $3,491,000. Finally, JPMorgan Chase & Co. purchased a new stake in Onestream during the third quarter worth about $1,037,000.

Insider Transactions at Onestream

In related news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Kinzer sold 40,000 shares of Onestream 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. Company insiders own 12.77% of the company’s stock.

Onestream Price Performance

Shares of Onestream stock opened at $21.10 on Tuesday. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The company’s fifty day moving average is $21.45 and its two-hundred day moving average is $26.79.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, sell-side analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Onestream in a 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 for the company in a research note on Friday, March 28th. Piper Sandler reduced their price objective on Onestream from $37.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Guggenheim reissued a “buy” rating and set a $35.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Finally, Stephens initiated coverage on Onestream in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Onestream presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

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.