Renaissance Capital LLC Purchases 70,439 Shares of Onestream, Inc. (NASDAQ:OS)

Renaissance Capital LLC raised its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 231.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,890 shares of the company's stock after buying an additional 70,439 shares during the period. Onestream comprises approximately 1.9% of Renaissance Capital LLC's portfolio, making the stock its 22nd largest position. Renaissance Capital LLC's holdings in Onestream were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC bought a new stake in Onestream during the 3rd quarter valued at $10,331,000. US Bancorp DE purchased a new position in shares of Onestream in the third quarter valued at about $569,000. Diversified Trust Co bought a new position in shares of Onestream during the fourth quarter valued at about $1,004,000. Temasek Holdings Private Ltd purchased a new stake in shares of Onestream during the third quarter worth about $37,290,000. Finally, State Street Corp bought a new stake in shares of Onestream in the third quarter worth about $3,878,000.

Insider Buying and Selling

In related news, Director Michael Burkland sold 63,608 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James upped their price target on Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Needham & Company LLC upped their target price on Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. The Goldman Sachs Group assumed coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a "buy" rating and a $37.00 price target on the stock. Wedbush assumed coverage on shares of Onestream in a report on Thursday, December 19th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Citigroup cut their target price on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $35.72.

Onestream Stock Down 1.9 %

OS stock traded down $0.56 on Friday, reaching $28.92. 637,431 shares of the company traded hands, compared to its average volume of 1,090,853. The firm has a fifty day simple moving average of $29.23 and a 200-day simple moving average of $29.91. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39.

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

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.