SG Americas Securities LLC Takes Position in Onestream, Inc. (NASDAQ:OS)

SG Americas Securities LLC acquired a new stake in shares of Onestream, Inc. (NASDAQ:OS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,810 shares of the company’s stock, valued at approximately $166,000.

A number of other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new position in Onestream in the third quarter worth $27,000. Point72 Asset Management L.P. purchased a new stake in Onestream during the 3rd quarter valued at $77,000. RiverPark Advisors LLC bought a new position in Onestream in the third quarter valued at about $92,000. HighTower Advisors LLC purchased a new position in shares of Onestream in the third quarter worth approximately $222,000. Finally, Moody National Bank Trust Division purchased a new position in shares of Onestream during the 4th quarter worth $200,000.

Insider Transactions at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 over the last quarter.

Analyst Ratings Changes

OS has been the subject of a number of analyst reports. Needham & Company LLC increased their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley raised Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Thursday, January 16th. Wedbush initiated coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. Robert W. Baird boosted their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler upped their price target on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Onestream presently has an average rating of “Buy” and an average price target of $35.72.

Onestream Trading Down 1.9 %

NASDAQ OS opened at $28.92 on Monday. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.39. The firm’s 50 day moving average price is $29.23 and its 200-day moving average price is $29.91.

Onestream (NASDAQ:OS) last released its earnings results on Thursday, November 7th. The company reported ($1.06) EPS for the quarter. The company had revenue of $129.14 million during the quarter, compared to analysts’ expectations of $124.13 million. As a group, research analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current fiscal year.

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.