Kayne Anderson Rudnick Investment Management LLC Sells 63,159 Shares of Onestream, Inc. (NASDAQ:OS)

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

Several other institutional investors have also added to or reduced their stakes in the company. Precision Wealth Strategies LLC lifted its stake in Onestream by 4.9% in the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company's stock worth $298,000 after acquiring an additional 484 shares during the period. Franklin Resources Inc. boosted its stake in shares of Onestream by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after purchasing an additional 1,238 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Onestream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company's stock valued at $254,000 after purchasing an additional 1,500 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Onestream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company's stock valued at $3,819,000 after purchasing an additional 1,515 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Onestream by 3.4% in the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after buying an additional 1,731 shares in the last quarter.

Onestream Trading Down 0.1%

Shares of Onestream stock traded down $0.02 during trading on Wednesday, hitting $28.72. 1,009,353 shares of the company's stock traded hands, compared to its average volume of 1,167,932. Onestream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The business has a 50-day simple moving average of $22.86 and a 200-day simple moving average of $26.15.

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, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The business's quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that Onestream, Inc. will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OS. Morgan Stanley cut their price objective on Onestream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Raymond James restated an "outperform" rating and issued a $29.00 target price (down previously from $32.00) on shares of Onestream in a research note on Friday, May 9th. JPMorgan Chase & Co. cut Onestream from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Finally, Scotiabank reissued an "outperform" rating on shares of Onestream in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.19.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $27.67, for a total value of $553,400.00. Following the completion of the transaction, the executive now directly owns 1,009,443 shares in the company, valued at $27,931,287.81. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

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.