Two Sigma Investments LP Cuts Stock Holdings in Onestream, Inc. (NASDAQ:OS)

Two Sigma Investments LP decreased its position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 79.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,907 shares of the company's stock after selling 90,212 shares during the quarter. Two Sigma Investments LP's holdings in Onestream were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in OS. JPMorgan Chase & Co. lifted its position in Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after purchasing an additional 1,566,276 shares during the period. First Trust Advisors LP lifted its position in Onestream by 3.4% during the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after purchasing an additional 1,731 shares during the period. Northern Trust Corp lifted its position in Onestream by 75.1% during the fourth quarter. Northern Trust Corp now owns 100,109 shares of the company's stock valued at $2,855,000 after purchasing an additional 42,923 shares during the period. PNC Financial Services Group Inc. lifted its position in Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in Onestream during the fourth quarter valued at approximately $242,000.

Insiders Place Their Bets

In other news, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $27.67, for a total value of $553,400.00. Following the completion of the sale, the executive now owns 1,009,443 shares in the company, valued at approximately $27,931,287.81. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.76, for a total transaction of $719,000.00. Following the completion of the sale, the chief financial officer now owns 253,694 shares of the company's stock, valued at $7,296,239.44. This trade represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,000 shares of company stock valued at $2,083,600 in the last three months. Corporate insiders own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OS. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. William Blair started coverage on shares of Onestream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Truist Financial decreased their price target on shares of Onestream from $37.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, BMO Capital Markets increased their price target on shares of Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.19.

Onestream Stock Down 0.5%

OS opened at $28.92 on Friday. The company has a fifty day moving average of $23.81 and a 200 day moving average of $25.95. Onestream, Inc. has a fifty-two week low of $16.69 and a fifty-two week 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 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 analysts' expectations of $131.08 million. The firm's revenue for the quarter was up 23.6% compared to the same quarter last year. Sell-side analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

About Onestream

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.

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