Invesco Ltd. Acquires 1,112,840 Shares of Onestream, Inc. (NASDAQ:OS)

Invesco Ltd. raised its holdings in Onestream, Inc. (NASDAQ:OS) by 218.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,621,265 shares of the company’s stock after acquiring an additional 1,112,840 shares during the period. Invesco Ltd. owned about 0.69% of Onestream worth $46,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OS. Norges Bank acquired a new stake in shares of Onestream during the fourth quarter valued at about $119,214,000. Vanguard Group Inc. boosted its position in 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 buying an additional 1,268,733 shares during the period. Alliancebernstein L.P. grew its holdings in Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Onestream by 5.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company’s stock valued at $60,001,000 after acquiring an additional 105,403 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 1,566,276 shares during the period.

Wall Street Analyst Weigh In

OS has been the subject of several analyst reports. Morgan Stanley lowered their target price on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Truist Financial reduced their target price on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Onestream in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Finally, Citigroup dropped their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.84.

Onestream Stock Performance

OS stock opened at $19.50 on Wednesday. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The stock’s 50 day moving average is $22.61 and its 200-day moving average is $27.51.

Onestream (NASDAQ:OS) last posted its quarterly earnings data 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 analysts predict that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Kinzer sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $250,400.00. The disclosure for this sale can be found here.

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.