Daiwa Securities Group Inc. Decreases Position in Onestream, Inc. (NASDAQ:OS)

Daiwa Securities Group Inc. trimmed its holdings in shares of Onestream, Inc. (NASDAQ:OS) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,525 shares of the company’s stock after selling 1,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Onestream were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Atria Investments Inc acquired a new stake in Onestream in the 3rd quarter worth approximately $425,000. RiverPark Advisors LLC acquired a new stake in shares of Onestream during the third quarter worth $92,000. First Horizon Advisors Inc. acquired a new stake in shares of Onestream during the third quarter worth $27,000. King Luther Capital Management Corp purchased a new stake in shares of Onestream during the third quarter valued at $3,051,000. Finally, Primecap Management Co. CA acquired a new position in shares of Onestream in the 3rd quarter valued at $9,017,000.

Onestream Price Performance

Shares of OS opened at $21.11 on Friday. The stock’s 50 day moving average is $26.46 and its two-hundred day moving average is $29.19. Onestream, Inc. has a 12 month low of $20.00 and a 12 month high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the firm’s 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 filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wedbush assumed coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target for the company. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Onestream in a report on Wednesday, February 12th. BMO Capital Markets cut their price target on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.11.

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.