Cohen & Steers Inc. Purchases Shares of 20,000 Onestream, Inc. (NASDAQ:OS)

Cohen & Steers Inc. purchased a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the company's stock, valued at approximately $570,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Onestream during the 4th quarter worth about $119,214,000. Vanguard Group Inc. raised its position in Onestream by 51.2% in the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock worth $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock worth $70,321,000 after purchasing an additional 1,357,860 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Onestream by 5.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company's stock valued at $60,001,000 after purchasing an additional 105,403 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Onestream by 218.9% in the 4th quarter. Invesco Ltd. now owns 1,621,265 shares of the company's stock valued at $46,238,000 after purchasing an additional 1,112,840 shares during the period.

Analyst Upgrades and Downgrades

OS has been the subject of several analyst reports. JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Needham & Company LLC restated a "buy" rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Guggenheim reiterated a "buy" rating and set a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Morgan Stanley decreased their price objective on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Citigroup reduced 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. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.47.

Insider Buying and Selling at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here.

Onestream Trading Up 1.3 %

Shares of NASDAQ:OS traded up $0.25 during trading on Friday, hitting $19.66. 621,236 shares of the company's stock traded hands, compared to its average volume of 1,167,934. The company has a 50-day moving average price of $22.00 and a 200-day moving average price of $27.27. Onestream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39.

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

Onestream Company 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.