M&T Bank Corp Makes New Investment in Onestream, Inc. (NASDAQ:OS)

M&T Bank Corp purchased a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,778 shares of the company's stock, valued at approximately $908,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in Onestream during the 3rd quarter valued at approximately $369,000. Y Intercept Hong Kong Ltd bought a new position in Onestream during the 3rd quarter valued at about $325,000. Zimmer Partners LP purchased a new stake in shares of Onestream during the 3rd quarter valued at about $1,695,000. Temasek Holdings Private Ltd bought a new stake in shares of Onestream in the third quarter worth approximately $37,290,000. Finally, Soros Fund Management LLC purchased a new position in shares of Onestream during the third quarter valued at approximately $33,900,000.

Analyst Ratings Changes

Several analysts have recently issued reports on OS shares. Morgan Stanley upped their price objective on Onestream from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 12th. Needham & Company LLC raised their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Wolfe Research started coverage on Onestream in a research report on Monday, August 19th. They issued an "outperform" rating and a $32.00 price target for the company. TD Cowen assumed coverage on Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $34.00 target price on the stock. Finally, Loop Capital started coverage on Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $35.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.59.

Onestream Stock Up 1.3 %

OS stock traded up $0.38 during midday trading on Tuesday, hitting $29.71. The company's stock had a trading volume of 942,262 shares, compared to its average volume of 848,552. The firm has a 50-day moving average of $30.82. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.39.

Insider Transactions at Onestream

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business's stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Craig Colby sold 280,000 shares of the company's 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. In the last three months, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

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.