Boothbay Fund Management LLC Increases Holdings in Onestream, Inc. (NASDAQ:OS)

Boothbay Fund Management LLC boosted its position in Onestream, Inc. (NASDAQ:OS) by 100.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 55,000 shares of the company’s stock after buying an additional 27,500 shares during the period. Boothbay Fund Management LLC’s holdings in Onestream were worth $1,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OS. SG Americas Securities LLC purchased a new position in shares of Onestream in the fourth quarter valued at $166,000. IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter valued at about $168,000. Moody National Bank Trust Division purchased a new position in Onestream during the 4th quarter valued at about $200,000. PNC Financial Services Group Inc. raised its position in 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, KLP Kapitalforvaltning AS purchased a new stake in shares of Onestream in the fourth quarter valued at about $214,000.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $21.10 on Tuesday. The business has a 50-day moving average of $21.45 and a two-hundred day moving average of $26.79. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, equities research analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Kinzer sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were 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. Insiders own 12.77% of the company’s stock.

Analysts Set New Price Targets

OS has been the subject of a number of recent research reports. BNP Paribas started coverage on shares of Onestream in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $30.00 price objective for the company. Citigroup decreased their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and cut their target price for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on shares of Onestream from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Piper Sandler reduced their price objective on shares of Onestream from $37.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.