Onestream, Inc. (NASDAQ:OS) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,143,150 shares of the company's stock after selling 63,159 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.77% of Onestream worth $118,163,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Onestream during the 4th quarter worth approximately $166,000. IFP Advisors Inc purchased a new position in shares of Onestream during the fourth quarter worth approximately $168,000. PNC Financial Services Group Inc. increased its holdings in shares of Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after acquiring an additional 2,600 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Onestream in the 4th quarter valued at $214,000. Finally, Hsbc Holdings PLC acquired a new stake in Onestream during the 4th quarter worth $238,000.

Onestream Trading Up 1.3%

OS traded up $0.35 during trading on Friday, hitting $28.34. 419,152 shares of the stock traded hands, compared to its average volume of 1,163,609. The firm has a 50-day moving average of $23.08 and a 200 day moving average of $26.12. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream's revenue was up 23.6% compared to the same quarter last year. On average, research analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Insider Activity

In related news, CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total value of $719,000.00. Following the completion of the transaction, the chief financial officer now directly owns 253,694 shares in the company, valued at $7,296,239.44. The trade was a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Kinzer sold 40,000 shares of the stock in a transaction that occurred 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. Over the last three months, insiders have sold 85,000 shares of company stock valued at $2,083,600. Company insiders own 12.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Onestream from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Bank of America raised their target price on Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wedbush decreased their price target on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. William Blair initiated coverage on shares of Onestream in a report on Tuesday, May 20th. They issued an "outperform" rating for the company. Finally, The Goldman Sachs Group decreased their price target on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with a hold rating, twenty 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 $32.19.

Onestream Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.