Fmr LLC Takes $29.38 Million Position in Onestream, Inc. (NASDAQ:OS)

FMR 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 filing with the Securities and Exchange Commission. The firm acquired 866,694 shares of the company's stock, valued at approximately $29,381,000. FMR LLC owned 0.37% of Onestream at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in shares of Onestream in the third quarter worth $27,000. RiverPark Advisors LLC bought a new position in shares of Onestream in the third quarter worth $92,000. Precision Wealth Strategies LLC bought a new position in shares of Onestream in the third quarter worth $338,000. Atria Investments Inc bought a new position in shares of Onestream in the third quarter worth $425,000. Finally, US Bancorp DE acquired a new stake in Onestream in the third quarter valued at about $569,000.

Onestream Stock Up 0.6 %

Shares of NASDAQ OS traded up $0.18 during midday trading on Tuesday, hitting $30.45. 565,157 shares of the stock traded hands, compared to its average volume of 833,415. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39. The company's 50 day moving average is $30.99.

Insider Activity at Onestream

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The stock was 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 SEC, which is accessible through this hyperlink. Also, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,406,022 shares of company stock valued at $222,180,480 over the last 90 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank raised their price objective on Onestream from $34.00 to $35.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. BMO Capital Markets assumed coverage on Onestream in a research note on Monday, September 23rd. They issued an "outperform" rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Onestream in a research note on Monday, August 19th. They issued an "overweight" rating and a $30.00 price objective on the stock. Robert W. Baird lifted their price target on Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Bank of America lifted their price target on Onestream from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Onestream 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.