Clearbridge Investments LLC Sells 376,203 Shares of Onestream, Inc. (NASDAQ:OS)

Clearbridge Investments LLC decreased its holdings in Onestream, Inc. (NASDAQ:OS) by 53.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,993 shares of the company’s stock after selling 376,203 shares during the quarter. Clearbridge Investments LLC owned about 0.14% of Onestream worth $9,297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in shares of Onestream during the 3rd quarter worth approximately $77,000. SG Americas Securities LLC purchased a new stake in Onestream in the fourth quarter worth $166,000. IFP Advisors Inc bought a new position in Onestream in the fourth quarter worth $168,000. Moody National Bank Trust Division purchased a new position in Onestream during the fourth quarter valued at $200,000. Finally, PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 2,600 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OS. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Onestream in a research report on Wednesday, February 12th. Stephens initiated coverage on Onestream in a research report on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 price target on the stock. Morgan Stanley reduced their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Citigroup dropped their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Guggenheim restated a “buy” rating and set a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.37.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Onestream Stock Down 0.9 %

Shares of OS opened at $22.48 on Thursday. Onestream, Inc. has a one year low of $20.00 and a one year high of $35.39. The business has a fifty day moving average of $24.93 and a 200 day moving average of $28.49.

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

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.