Russell Investments Group Ltd. Invests $1.90 Million in Onestream, Inc. (NASDAQ:OS)

Russell Investments Group Ltd. acquired a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 66,659 shares of the company's stock, valued at approximately $1,901,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OS. ExodusPoint Capital Management LP purchased a new position in shares of Onestream in the fourth quarter valued at $270,000. Massachusetts Financial Services Co. MA boosted its position in Onestream by 8.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,817 shares of the company's stock valued at $24,180,000 after buying an additional 66,325 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Onestream by 52.0% during the fourth quarter. Geode Capital Management LLC now owns 462,967 shares of the company's stock valued at $13,211,000 after acquiring an additional 158,344 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Onestream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Scalar Gauge Management LLC purchased a new stake in shares of Onestream during the fourth quarter worth about $2,023,000.

Analysts Set New Price Targets

OS has been the subject of a number of recent analyst reports. Stephens began coverage on Onestream in a research note on Wednesday, March 19th. They set an "overweight" rating and a $27.00 price objective for the company. BMO Capital Markets decreased their price target on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Truist Financial dropped their price target on shares of Onestream from $37.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price objective on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, BNP Paribas assumed coverage on shares of Onestream in a research report on Tuesday. They issued an "outperform" rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.65.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Kinzer sold 40,000 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here.

Onestream Price Performance

NASDAQ OS traded up $0.42 during trading hours on Wednesday, hitting $20.21. The company had a trading volume of 308,064 shares, compared to its average volume of 1,159,957. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39. The business has a fifty day simple moving average of $21.80 and a 200-day simple moving average of $27.05.

Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings data 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 EPS for the current 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.