Harbor Capital Advisors Inc. Raises Stock Position in Onestream, Inc. (NASDAQ:OS)

Harbor Capital Advisors Inc. grew its holdings in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 58.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,176 shares of the company's stock after buying an additional 24,377 shares during the period. Harbor Capital Advisors Inc.'s holdings in Onestream were worth $1,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Renaissance Capital LLC purchased a new position in shares of Onestream in the 3rd quarter worth $1,032,000. Seven Grand Managers LLC purchased a new position in shares of Onestream in the third quarter worth $6,780,000. Precision Wealth Strategies LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $338,000. Dakota Wealth Management purchased a new stake in shares of Onestream during the 3rd quarter worth approximately $2,412,000. Finally, US Bancorp DE purchased a new stake in Onestream during the third quarter valued at $569,000.

Insider Transactions at Onestream

In related news, President Craig Colby sold 280,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. In the last three months, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Onestream Price Performance

Shares of NASDAQ:OS traded up $0.78 during midday trading on Friday, hitting $27.14. 2,505,034 shares of the company's stock were exchanged, compared to its average volume of 1,391,672. Onestream, Inc. has a 12 month low of $24.50 and a 12 month high of $35.39. The business's 50 day moving average price is $30.21.

Wall Street Analyst Weigh In

OS has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They issued an "outperform" rating and a $40.00 price objective for the company. BMO Capital Markets started coverage on shares of Onestream in a research note on Monday, September 23rd. They set an "outperform" rating and a $38.00 target price for the company. Piper Sandler raised their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Scotiabank increased their price target on Onestream from $34.00 to $35.00 and gave the stock a "sector 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 given a strong buy rating to the company. Based on data from MarketBeat, Onestream currently has an average rating of "Moderate Buy" and a consensus price target of $35.83.

Onestream Profile

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.