OMERS ADMINISTRATION Corp Takes $416,000 Position in Onestream, Inc. (NASDAQ:OS)

OMERS ADMINISTRATION Corp purchased a new position in shares of Onestream, Inc. (NASDAQ:OS) during the fourth quarter, Holdings Channel.com reports. The fund purchased 14,600 shares of the company’s stock, valued at approximately $416,000.

Several other large investors have also recently added to or reduced their stakes in OS. Norges Bank acquired a new position in Onestream during the 4th quarter worth $119,214,000. Champlain Investment Partners LLC bought a new position in shares of Onestream during the 4th quarter valued at about $98,076,000. JPMorgan Chase & Co. boosted its holdings in Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after buying an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. grew its position in Onestream by 122.6% in the fourth 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 last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 1,268,733 shares in the last quarter.

Onestream Trading Down 0.3%

Shares of NASDAQ:OS opened at $28.27 on Monday. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The firm has a fifty day moving average price of $21.88 and a 200 day moving average price of $26.24.

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

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director John Kinzer sold 40,000 shares of the 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. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Onestream from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Mizuho raised their price objective on shares of Onestream from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank restated an “outperform” rating on shares of Onestream in a report on Thursday, April 24th. Raymond James reaffirmed an “outperform” rating and set a $29.00 target price (down previously from $32.00) on shares of Onestream in a research note on Friday, May 9th. Finally, Wedbush reduced their price target on shares of Onestream from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. 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. Based on data from MarketBeat, Onestream presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.19.

Onestream Company 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.