Daiwa Securities Group Inc. Sells 1,500 Shares of Onestream, Inc. (NASDAQ:OS)

Daiwa Securities Group Inc. reduced its position in Onestream, Inc. (NASDAQ:OS) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,525 shares of the company’s stock after selling 1,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Onestream were worth $1,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OS. Geode Capital Management LLC purchased a new position in shares of Onestream in the 3rd quarter worth $10,331,000. Diversified Trust Co bought a new position in shares of Onestream in the 4th quarter valued at about $1,004,000. Temasek Holdings Private Ltd purchased a new position in Onestream in the third quarter worth about $37,290,000. State Street Corp bought a new stake in Onestream during the third quarter worth approximately $3,878,000. Finally, Townsquare Capital LLC purchased a new stake in Onestream during the third quarter valued at approximately $3,667,000.

Onestream Stock Up 3.7 %

NASDAQ:OS opened at $21.11 on Friday. Onestream, Inc. has a 1-year low of $20.00 and a 1-year high of $35.39. The company has a 50-day moving average of $26.46 and a 200 day moving average of $29.19.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on OS shares. Wedbush began coverage on Onestream in a report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 target price for the company. The Goldman Sachs Group started coverage on shares of Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Onestream has an average rating of “Moderate Buy” and an average price target of $35.11.

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the 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 can be accessed through this hyperlink.

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.