Burkehill Global Management LP Makes New $22.82 Million Investment in Onestream, Inc. (NASDAQ:OS)

Burkehill Global Management LP acquired a new position in Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 800,000 shares of the company’s stock, valued at approximately $22,816,000. Onestream makes up 2.2% of Burkehill Global Management LP’s portfolio, making the stock its 13th largest holding.

A number of other hedge funds have also made changes to their positions in OS. King Luther Capital Management Corp raised its holdings in shares of Onestream by 149.0% during the 4th quarter. King Luther Capital Management Corp now owns 224,068 shares of the company’s stock valued at $6,390,000 after buying an additional 134,068 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after acquiring an additional 2,600 shares during the period. Arizona State Retirement System purchased a new stake in shares of Onestream during the fourth quarter valued at approximately $322,000. Charles Schwab Investment Management Inc. raised its stake in shares of Onestream by 54.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,138 shares of the company’s stock valued at $7,277,000 after purchasing an additional 89,431 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Onestream during the fourth quarter worth $239,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OS shares. Wedbush started coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Onestream in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target for the company. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Finally, Citigroup cut their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.11.

Onestream Stock Down 0.1 %

Onestream stock opened at $20.93 on Thursday. Onestream, Inc. has a 12 month low of $20.39 and a 12 month high of $35.39. The company has a fifty day moving average price of $26.77 and a two-hundred day moving average price of $29.31.

Onestream (NASDAQ:OS) last posted its quarterly earnings results 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, sell-side analysts expect that Onestream, Inc. will post 0.05 EPS for the current year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Craig Colby sold 280,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold 313,765 shares of company stock valued at $9,247,850 over the last quarter.

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.