Onestream, Inc. (NASDAQ:OS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Onestream, Inc. (NASDAQ:OS) by 5,118.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,596,879 shares of the company’s stock after buying an additional 1,566,276 shares during the period. JPMorgan Chase & Co. owned about 0.68% of Onestream worth $45,543,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OS. Vanguard Group Inc. increased its position in Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after purchasing an additional 1,268,733 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Onestream in the 4th quarter worth approximately $214,000. Sei Investments Co. lifted its stake in shares of Onestream by 30.8% in the fourth quarter. Sei Investments Co. now owns 151,229 shares of the company’s stock worth $4,313,000 after buying an additional 35,648 shares during the last quarter. American Century Companies Inc. acquired a new position in Onestream during the 4th quarter worth $31,187,000. Finally, Vestor Capital LLC acquired a new position in shares of Onestream during the 4th quarter worth about $2,149,000.

Analyst Ratings Changes

OS has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Stephens assumed coverage on Onestream in a research report on Wednesday, March 19th. They set an “overweight” rating and a $27.00 target price for the company. BMO Capital Markets reduced their target price on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. Finally, Citigroup cut their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and an average target price of $34.37.

Onestream Stock Performance

OS opened at $18.08 on Monday. The company’s 50 day moving average is $24.48 and its 200-day moving average is $28.31. Onestream, Inc. has a 1-year low of $17.96 and a 1-year high of $35.39.

Onestream (NASDAQ:OS) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, equities analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Onestream

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.