SG Americas Securities LLC Purchases Shares of 5,810 Onestream, Inc. (NASDAQ:OS)

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

Several other large investors have also recently made changes to their positions in the stock. TimesSquare Capital Management LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $67,746,000. Temasek Holdings Private Ltd acquired a new position in shares of Onestream in the third quarter worth $37,290,000. Soros Fund Management LLC purchased a new stake in shares of Onestream during the third quarter worth $33,900,000. FMR LLC acquired a new stake in shares of Onestream in the third quarter valued at $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Onestream in the third quarter valued at $26,493,000.

Onestream Stock Performance

Shares of OS opened at $28.92 on Monday. The company’s 50 day simple moving average is $29.23 and its 200-day simple moving average is $29.91. Onestream, Inc. has a 12-month low of $24.50 and a 12-month high of $35.39.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($1.06) EPS for the quarter. The business had revenue of $129.14 million for the quarter, compared to the consensus estimate of $124.13 million. As a group, analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OS has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target on the stock. Raymond James raised their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Needham & Company LLC raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley upgraded shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.72.

Insider Transactions at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Burkland sold 9,541 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Onestream Company 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.