JPMorgan Chase & Co. Invests $1.04 Million in Onestream, Inc. (NASDAQ:OS)

JPMorgan Chase & Co. acquired a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,603 shares of the company's stock, valued at approximately $1,037,000.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Capital LLC acquired a new position in Onestream in the 3rd quarter valued at about $1,032,000. Seven Grand Managers LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $6,780,000. Precision Wealth Strategies LLC purchased a new stake in Onestream during the 3rd quarter worth approximately $338,000. Dakota Wealth Management purchased a new stake in Onestream during the 3rd quarter worth approximately $2,412,000. Finally, US Bancorp DE purchased a new position in Onestream in the 3rd quarter valued at approximately $569,000.

Analyst Ratings Changes

Several research analysts recently commented on OS shares. Wedbush assumed coverage on Onestream in a research note on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Piper Sandler lifted their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Raymond James boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Robert W. Baird raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Onestream presently has an average rating of "Buy" and an average price target of $35.72.

Onestream Stock Performance

Shares of NASDAQ:OS traded up $0.02 on Friday, reaching $30.37. The company's stock had a trading volume of 1,187,779 shares, compared to its average volume of 940,346. The business has a 50-day moving average price of $29.49. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($1.06) EPS for the quarter. The firm had revenue of $129.14 million during the quarter, compared to analyst estimates of $124.13 million. As a group, research analysts forecast that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Transactions at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William A. Koefoed sold 10,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,709,787 shares of company stock worth $231,177,930.

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.