Entropy Technologies LP Makes New $747,000 Investment in Onestream, Inc. (NASDAQ:OS)

Entropy Technologies LP purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,200 shares of the company’s stock, valued at approximately $747,000.

Other hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC bought a new position in Onestream in the 3rd quarter valued at about $67,746,000. Temasek Holdings Private Ltd bought a new position in shares of Onestream in the third quarter valued at approximately $37,290,000. Soros Fund Management LLC acquired a new position in shares of Onestream during the third quarter valued at approximately $33,900,000. FMR LLC bought a new stake in Onestream during the third quarter worth approximately $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Onestream in the third quarter worth approximately $26,493,000.

Onestream Price Performance

OS opened at $30.18 on Wednesday. The stock has a fifty day moving average price of $29.19 and a 200 day moving average price of $29.93. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Research analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target on the stock. Wedbush began coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 target price on the stock. Needham & Company LLC upped their price target on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised 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 investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.72.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total transaction of $265,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Craig Colby sold 280,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,709,787 shares of company stock valued at $231,177,930 over the last three months.

About Onestream

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.