California State Teachers Retirement System Purchases Shares of 33,541 Onestream, Inc. (NASDAQ:OS)

California State Teachers Retirement System purchased a new stake in Onestream, Inc. (NASDAQ:OS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,541 shares of the company’s stock, valued at approximately $957,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OS. Franklin Resources Inc. increased its position in shares of Onestream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after purchasing an additional 1,238 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Onestream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock valued at $254,000 after purchasing an additional 1,500 shares during the last quarter. Woodline Partners LP increased its position in shares of Onestream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock valued at $3,819,000 after purchasing an additional 1,515 shares during the last quarter. First Trust Advisors LP increased its position in shares of Onestream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company’s stock valued at $1,485,000 after purchasing an additional 1,731 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after purchasing an additional 2,600 shares during the last quarter.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Ken Hohenstein sold 20,000 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $27.67, for a total value of $553,400.00. Following the sale, the executive now directly owns 1,009,443 shares of the company’s stock, valued at $27,931,287.81. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,000 shares of company stock valued at $2,083,600 over the last 90 days. Company insiders own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OS. William Blair began coverage on Onestream in a research report on Tuesday, May 20th. They set an “outperform” rating on the stock. Scotiabank restated an “outperform” rating on shares of Onestream in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. BNP Paribas began coverage on Onestream in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price target on Onestream from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.19.

Onestream Price Performance

Onestream stock opened at $28.15 on Wednesday. The stock has a fifty day simple moving average of $24.10 and a two-hundred day simple moving average of $25.92. 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 Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream’s revenue for the quarter was up 23.6% on a year-over-year basis. Analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.