Onestream, Inc. (NASDAQ:OS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 1,368.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,200 shares of the company's stock after acquiring an additional 380,400 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of Onestream worth $11,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Onestream in the 4th quarter valued at $119,214,000. JPMorgan Chase & Co. grew its holdings in shares of Onestream by 5,118.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Onestream by 122.6% in 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 last quarter. Vanguard Group Inc. lifted its holdings in Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after buying an additional 1,268,733 shares in the last quarter. Finally, Invesco Ltd. boosted its position in 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 buying an additional 1,112,840 shares during the period.

Analyst Upgrades and Downgrades

OS has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Onestream from $34.00 to $27.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Stephens assumed coverage on Onestream in a research report on Wednesday, March 19th. They set an "overweight" rating and a $27.00 price target on the stock. JPMorgan Chase & Co. downgraded Onestream from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, BMO Capital Markets cut their target price on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.47.

Insiders Place Their Bets

In other news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was 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 Stock Down 4.3 %

OS stock traded down $0.86 on Monday, hitting $18.81. 44,217 shares of the company's stock were exchanged, compared to its average volume of 1,162,001. The firm has a 50 day moving average price of $22.00 and a two-hundred day moving average price of $27.19. Onestream, Inc. has a 12-month low of $15.51 and a 12-month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. On average, research 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.