Price T Rowe Associates Inc. MD Grows Stake in Onestream, Inc. (NASDAQ:OS)

Price T Rowe Associates Inc. MD increased its holdings in shares of Onestream, Inc. (NASDAQ:OS) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 425,840 shares of the company’s stock after acquiring an additional 10,319 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Onestream were worth $12,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC increased its position in shares of Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock worth $298,000 after purchasing an additional 484 shares in the last quarter. Franklin Resources Inc. increased its position in Onestream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock worth $2,972,000 after buying an additional 1,238 shares during the period. First Trust Advisors LP lifted its stake in Onestream by 3.4% in the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company’s stock valued at $1,485,000 after buying an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after acquiring an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Onestream in the 4th quarter valued at $166,000.

Onestream Price Performance

Shares of NASDAQ:OS opened at $23.23 on Friday. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39. The business’s 50 day simple moving average is $21.27 and its 200-day simple moving average is $26.61.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. Equities research analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Mizuho assumed coverage on shares of Onestream in a research report on Wednesday. They set an “outperform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced their price objective on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Finally, Truist Financial cut their price target on Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.14.

Insider Activity at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available through this link. Also, Director John Kinzer sold 40,000 shares of the stock in a transaction 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 owned by corporate insiders.

About Onestream

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.