Townsquare Capital LLC Takes Position in Onestream, Inc. (NASDAQ:OS)

Townsquare Capital LLC acquired a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,164 shares of the company's stock, valued at approximately $3,667,000.

Several other hedge funds have also bought and sold shares of the business. TimesSquare Capital Management LLC bought a new position in shares of Onestream during the third quarter valued at $67,746,000. FMR LLC purchased a new stake in Onestream during the 3rd quarter valued at about $29,381,000. Massachusetts Financial Services Co. MA bought a new stake in Onestream during the 3rd quarter valued at about $26,493,000. Westfield Capital Management Co. LP purchased a new position in Onestream in the third quarter worth about $20,566,000. Finally, Primecap Management Co. CA bought a new position in shares of Onestream in the third quarter worth approximately $9,017,000.

Onestream Stock Down 1.5 %

Onestream stock traded down $0.47 during mid-day trading on Friday, reaching $29.89. 411,900 shares of the company's stock traded hands, compared to its average volume of 831,681. Onestream, Inc. has a 12-month low of $24.50 and a 12-month high of $35.39. The firm's 50 day moving average price is $31.35.

Insiders Place Their Bets

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Burkland sold 9,541 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total transaction of $295,771.00. The disclosure for this sale can be found here. Insiders sold 7,406,022 shares of company stock valued at $222,180,480 over the last three months.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OS. BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price target on the stock. Robert W. Baird raised their price target on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Needham & Company LLC boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. Citigroup started coverage on shares of Onestream in a report on Monday, August 19th. They issued a "neutral" rating and a $34.00 target price on the stock. Finally, Morgan Stanley increased their price target on Onestream from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.50.

Onestream Company Profile

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.