Healthcare of Ontario Pension Plan Trust Fund Invests $16.95 Million in Onestream, Inc. (NASDAQ:OS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 500,000 shares of the company's stock, valued at approximately $16,950,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.21% of Onestream as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OS. First Horizon Advisors Inc. purchased a new stake in shares of Onestream in the 3rd quarter valued at approximately $27,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream in the 3rd quarter valued at $92,000. Precision Wealth Strategies LLC acquired a new position in Onestream during the 3rd quarter worth about $338,000. Atria Investments Inc purchased a new position in Onestream during the 3rd quarter valued at about $425,000. Finally, US Bancorp DE purchased a new position in Onestream during the 3rd quarter valued at about $569,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OS shares. Needham & Company LLC raised their price target on shares of Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, November 8th. TD Cowen began coverage on Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $34.00 target price for the company. Scotiabank increased their price target on Onestream from $34.00 to $35.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Citigroup assumed coverage on Onestream in a research report on Monday, August 19th. They set a "neutral" rating and a $34.00 price objective for the company. Finally, Truist Financial reaffirmed a "buy" rating and issued a $37.00 target price (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $35.50.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,406,022 shares of company stock worth $222,180,480 in the last quarter.

Onestream Stock Performance

Shares of NASDAQ OS traded down $0.47 during trading on Friday, hitting $29.89. 411,900 shares of the company were exchanged, compared to its average volume of 831,681. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39. The stock has a fifty day moving average price of $31.41.

About Onestream

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.