Fortress Investment Group LLC Buys New Stake in Onestream, Inc. (NASDAQ:OS)

Fortress Investment Group LLC bought a new position in shares of Onestream, Inc. (NASDAQ:OS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 85,000 shares of the company’s stock, valued at approximately $2,424,000. Onestream comprises 0.4% of Fortress Investment Group LLC’s portfolio, making the stock its 8th largest position.

A number of other hedge funds also recently bought and sold shares of OS. SG Americas Securities LLC bought a new stake in Onestream in the 4th quarter valued at $166,000. IFP Advisors Inc bought a new stake in shares of Onestream in the 4th quarter worth approximately $168,000. Moody National Bank Trust Division acquired a new stake in shares of Onestream during the 4th quarter worth approximately $200,000. PNC Financial Services Group Inc. increased 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 valued at $202,000 after purchasing an additional 2,600 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Onestream in the fourth quarter valued at $214,000.

Onestream Stock Up 7.1 %

Shares of OS 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 simple moving average of $21.34 and a 200 day simple moving average of $26.42.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Kinzer sold 40,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OS shares. Morgan Stanley lowered their price target on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Scotiabank reissued an “outperform” rating on shares of Onestream in a research report on Thursday, April 24th. Piper Sandler lifted their price objective on Onestream from $24.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Guggenheim reiterated a “buy” rating and set a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, Stephens lifted their target price on shares of Onestream from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. Two 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 stock. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.14.

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.