Franklin Resources Inc. Invests $3.49 Million in Onestream, Inc. (NASDAQ:OS)

Franklin Resources Inc. purchased a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102,969 shares of the company's stock, valued at approximately $3,491,000.

Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new stake in shares of Onestream in the third quarter worth about $67,746,000. Temasek Holdings Private Ltd bought a new stake in Onestream in the 3rd quarter worth approximately $37,290,000. Soros Fund Management LLC purchased a new stake in shares of Onestream during the 3rd quarter worth approximately $33,900,000. FMR LLC purchased a new stake in shares of Onestream during the 3rd quarter worth approximately $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Onestream during the 3rd quarter valued at approximately $26,493,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OS shares. 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. Wedbush began coverage on shares of Onestream in a research note on Thursday, December 19th. They set an "outperform" rating and a $40.00 price objective for the company. Truist Financial reiterated a "buy" rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. The Goldman Sachs Group started coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a "buy" rating and a $37.00 target price for the company. Finally, Raymond James upped their price target on shares of Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Onestream has an average rating of "Moderate Buy" and an average price target of $35.83.

Insider Buying and Selling at Onestream

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Onestream Stock Down 1.4 %

Shares of Onestream stock traded down $0.40 on Wednesday, reaching $29.10. 254,464 shares of the stock were exchanged, compared to its average volume of 871,224. The company has a 50 day simple moving average of $30.80. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

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.