LMR Partners LLP Takes $2.85 Million Position in Onestream, Inc. (NASDAQ:OS)

LMR Partners LLP acquired a new stake in Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $2,852,000.

Several other large investors also recently made changes to their positions in OS. Lighthouse Investment Partners LLC bought a new stake in Onestream in the 4th quarter valued at $570,000. Janus Henderson Group PLC bought a new stake in Onestream in the 4th quarter valued at $428,000. Fortress Investment Group LLC bought a new stake in Onestream in the 4th quarter valued at $2,424,000. Diker Management LLC bought a new stake in Onestream in the 4th quarter valued at $2,852,000. Finally, Blackstone Inc. raised its stake in Onestream by 47.1% in the 4th quarter. Blackstone Inc. now owns 250,000 shares of the company’s stock valued at $7,130,000 after acquiring an additional 80,000 shares during the period.

Onestream Stock Up 0.1%

NASDAQ:OS opened at $27.70 on Wednesday. The stock’s 50-day simple moving average is $21.52 and its 200 day simple moving average is $26.34. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39.

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

Analyst Upgrades and Downgrades

OS has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Onestream from $24.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Wedbush lowered their price objective on Onestream from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Guggenheim reiterated a “buy” rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. BMO Capital Markets lowered their price objective on Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Stephens increased their price objective on Onestream from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Onestream presently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

Insider Activity

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

About Onestream

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.