30,451 Shares in Onestream, Inc. (NASDAQ:OS) Purchased by Renaissance Capital LLC

Renaissance Capital LLC bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,451 shares of the company's stock, valued at approximately $1,032,000. Onestream makes up 0.7% of Renaissance Capital LLC's holdings, making the stock its 27th biggest position.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OS shares. BMO Capital Markets started coverage on shares of Onestream in a report on Monday, September 23rd. They issued an "outperform" rating and a $38.00 price objective on the stock. Piper Sandler raised their target price on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, September 4th. Citigroup assumed coverage on Onestream in a research report on Monday, August 19th. They issued a "neutral" rating and a $34.00 target price for the company. Bank of America increased their price target on shares of Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, Needham & Company LLC lifted their price objective on shares of Onestream from $33.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.31.

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $377,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO William A. Koefoed sold 20,000 shares of the company's stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $377,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,775,146 shares of company stock worth $52,311,502.

Onestream Stock Performance

Shares of NASDAQ:OS traded down $0.44 on Wednesday, reaching $29.50. The company's stock had a trading volume of 435,647 shares, compared to its average volume of 635,909. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.17. The business has a 50-day moving average price of $30.21.

Onestream Company Profile

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.