Renaissance Capital LLC Increases Holdings in Onestream, Inc. (NASDAQ:OS)

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

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC purchased a new stake in Onestream in the third quarter valued at $10,331,000. US Bancorp DE purchased a new stake in shares of Onestream in the 3rd quarter valued at about $569,000. Diversified Trust Co acquired a new stake in shares of Onestream in the 4th quarter valued at about $1,004,000. Temasek Holdings Private Ltd purchased a new position in Onestream during the 3rd quarter worth approximately $37,290,000. Finally, State Street Corp acquired a new position in Onestream during the third quarter worth approximately $3,878,000.

Insider Buying and Selling at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,709,787 shares of company stock valued at $231,177,930.

Analyst Ratings Changes

Several research firms have recently weighed in on OS. Robert W. Baird increased their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Piper Sandler raised their price objective 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. Citigroup reduced their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Needham & Company LLC raised their price target on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Raymond James upped their price objective on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. 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. Based on data from MarketBeat.com, Onestream presently has an average rating of “Buy” and a consensus target price of $35.72.

Onestream Stock Down 4.0 %

Shares of NASDAQ OS opened at $28.58 on Tuesday. Onestream, Inc. has a 52 week low of $24.50 and a 52 week high of $35.39. The company has a 50-day moving average of $29.32.

Onestream (NASDAQ:OS) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.06) earnings per share (EPS) for the quarter. The firm had revenue of $129.14 million for the quarter, compared to the consensus estimate of $124.13 million. As a group, research analysts anticipate that Onestream, Inc. will post 0.05 EPS 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.