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

Renaissance Capital LLC increased its holdings in Onestream, Inc. (NASDAQ:OS) by 231.3% during the 4th quarter, HoldingsChannel reports. The fund owned 100,890 shares of the company’s stock after acquiring an additional 70,439 shares during the quarter. Onestream comprises approximately 1.9% of Renaissance Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Renaissance Capital LLC’s holdings in Onestream were worth $2,877,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OS. Seven Grand Managers LLC bought a new position in Onestream during the 3rd quarter valued at $6,780,000. Precision Wealth Strategies LLC acquired a new stake in shares of Onestream in the 3rd quarter valued at about $338,000. Dakota Wealth Management bought a new position in shares of Onestream during the third quarter worth about $2,412,000. US Bancorp DE acquired a new position in Onestream in the third quarter worth about $569,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Onestream in the third quarter valued at about $1,417,000.

Analysts Set New Price Targets

OS has been the topic of a number of research analyst reports. Robert W. Baird increased their target price on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Raymond James boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler raised their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group began coverage on shares of Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $35.72.

Onestream Stock Down 4.0 %

NASDAQ:OS opened at $28.58 on Tuesday. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39. The stock has a fifty day simple moving average of $29.32.

Onestream (NASDAQ:OS) last announced its earnings results on Thursday, November 7th. The company reported ($1.06) earnings per share (EPS) for the quarter. The company had revenue of $129.14 million for the quarter, compared to analysts’ expectations of $124.13 million. As a group, sell-side analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity at Onestream

In other news, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 over the last quarter.

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.