Onestream, Inc. (NASDAQ:OS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 5,118.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,596,879 shares of the company's stock after buying an additional 1,566,276 shares during the quarter. JPMorgan Chase & Co. owned about 0.68% of Onestream worth $45,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock worth $106,852,000 after buying an additional 1,268,733 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Onestream by 5.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company's stock worth $60,001,000 after acquiring an additional 105,403 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Onestream during the fourth quarter worth about $31,187,000. FMR LLC acquired a new position in shares of Onestream during the third quarter valued at about $29,381,000. Finally, Burkehill Global Management LP purchased a new position in shares of Onestream in the 4th quarter valued at approximately $22,816,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OS shares. Guggenheim reissued a "buy" rating and set a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Morgan Stanley cut their target price on Onestream from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Truist Financial lowered their price target on Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group cut their price objective on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Stephens initiated coverage on Onestream in a report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 target price for the company. Two investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $33.84.

Onestream Price Performance

Shares of NASDAQ:OS traded up $0.07 during trading on Friday, reaching $19.57. 770,614 shares of the company's stock traded hands, compared to its average volume of 1,179,956. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The company has a 50-day simple moving average of $23.02 and a 200-day simple moving average of $27.71.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. As a group, equities analysts expect that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John Kinzer sold 40,000 shares of Onestream 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 SEC, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction 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. In the last quarter, insiders sold 60,000 shares of company stock valued at $1,327,300.

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.