Holocene Advisors LP purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 205,025 shares of the company's stock, valued at approximately $6,950,000. Holocene Advisors LP owned 0.09% of Onestream at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of OS. Renaissance Capital LLC purchased a new stake in Onestream in the 3rd quarter worth $1,032,000. US Bancorp DE purchased a new stake in Onestream in the 3rd quarter worth $569,000. Townsquare Capital LLC purchased a new stake in Onestream in the 3rd quarter worth $3,667,000. Harbor Capital Advisors Inc. purchased a new stake in Onestream in the 3rd quarter worth $1,417,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Onestream during the third quarter valued at about $20,566,000.
Analyst Ratings Changes
OS has been the subject of several analyst reports. Needham & Company LLC raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Wolfe Research initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set an "outperform" rating and a $32.00 price target for the company. BTIG Research initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $37.00 price target for the company. Raymond James lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, TD Cowen initiated coverage on shares of Onestream in a report on Monday, August 19th. They set a "buy" rating and a $34.00 price objective on the stock. Two equities 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 company. According to data from MarketBeat, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $35.50.
Check Out Our Latest Analysis on Onestream
Onestream Trading Up 0.9 %
Onestream stock traded up $0.27 during trading hours on Wednesday, hitting $31.86. 654,793 shares of the company traded hands, compared to its average volume of 835,624. Onestream, Inc. has a 1-year low of $24.50 and a 1-year high of $35.39. The firm's 50-day moving average price is $31.23.
Insider Buying and Selling
In related news, Director Michael Burkland sold 9,541 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total transaction of $28,684,295.38. The disclosure for this sale can be found here. Insiders have sold 7,406,022 shares of company stock worth $222,180,480 in the last ninety days.
Onestream Company Profile
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Free Report)
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.
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