Kayne Anderson Rudnick Investment Management LLC Sells 63,159 Shares of Onestream, Inc. (NASDAQ:OS)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in Onestream, Inc. (NASDAQ:OS - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,143,150 shares of the company's stock after selling 63,159 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 1.77% of Onestream worth $118,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OS. HighTower Advisors LLC acquired a new stake in Onestream in the 3rd quarter valued at $222,000. State Street Corp acquired a new position in shares of Onestream during the third quarter valued at about $3,878,000. Barclays PLC bought a new stake in shares of Onestream during the third quarter worth about $369,000. Geode Capital Management LLC acquired a new stake in shares of Onestream in the 3rd quarter worth about $10,331,000. Finally, Franklin Resources Inc. bought a new position in Onestream in the 3rd quarter valued at about $3,491,000.

Onestream Price Performance

NASDAQ OS traded up $0.08 during trading on Friday, reaching $21.35. The company's stock had a trading volume of 180,067 shares, compared to its average volume of 1,155,158. The firm has a fifty day moving average of $21.61 and a 200 day moving average of $26.94. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings data 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, equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Transactions at Onestream

In other Onestream news, Director John Kinzer sold 40,000 shares of the company'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 value of $811,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here. Insiders own 12.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OS shares. Scotiabank reissued an "outperform" rating on shares of Onestream in a research report on Thursday. Citigroup cut their target price on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Guggenheim reaffirmed a "buy" rating and set a $35.00 price target on shares of Onestream in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Stephens assumed coverage on Onestream in a research report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 target price for the company. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.25.

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.