Massachusetts Financial Services Co. MA Takes $26.49 Million Position in Onestream, Inc. (NASDAQ:OS)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 781,492 shares of the company's stock, valued at approximately $26,493,000. Massachusetts Financial Services Co. MA owned about 0.33% of Onestream as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OS. TimesSquare Capital Management LLC bought a new position in shares of Onestream in the 3rd quarter valued at about $67,746,000. Primecap Management Co. CA bought a new position in Onestream in the third quarter valued at approximately $9,017,000. Seven Grand Managers LLC acquired a new stake in Onestream during the 3rd quarter worth $6,780,000. King Luther Capital Management Corp bought a new stake in shares of Onestream during the 3rd quarter valued at $3,051,000. Finally, Dakota Wealth Management acquired a new position in shares of Onestream in the 3rd quarter valued at $2,412,000.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of analyst reports. Needham & Company LLC lifted their price objective on Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. BTIG Research began coverage on Onestream in a research note on Monday, August 19th. They issued a "buy" rating and a $37.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Onestream in a research report on Monday, August 19th. They issued an "overweight" rating and a $30.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Onestream from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Tuesday, November 12th. Finally, Piper Sandler lifted their price target 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. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.50.

Insider Activity at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Burkland sold 63,608 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here.

Onestream Stock Down 1.6 %

Shares of NASDAQ OS traded down $0.51 during midday trading on Tuesday, reaching $31.99. The company's stock had a trading volume of 978,451 shares, compared to its average volume of 838,736. The stock has a 50 day simple moving average of $31.39. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week 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.