Primecap Management Co. CA Invests $9.02 Million in Onestream, Inc. (NASDAQ:OS)

Primecap Management Co. CA acquired a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 266,000 shares of the company's stock, valued at approximately $9,017,000. Primecap Management Co. CA owned 0.11% of Onestream at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OS. TimesSquare Capital Management LLC bought a new stake in Onestream in the 3rd quarter worth about $67,746,000. Seven Grand Managers LLC purchased a new position in Onestream in the 3rd quarter worth approximately $6,780,000. King Luther Capital Management Corp bought a new stake in Onestream during the 3rd quarter valued at $3,051,000. Dakota Wealth Management purchased a new stake in Onestream during the 3rd quarter valued at $2,412,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Onestream in the 3rd quarter worth $1,417,000.

Onestream Trading Up 1.4 %

Shares of OS traded up $0.42 during trading hours on Friday, hitting $31.47. The company had a trading volume of 825,045 shares, compared to its average volume of 1,505,085. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39. The business's fifty day moving average price is $31.31.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company's stock in a transaction dated Monday, November 18th. The stock was 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 SEC, which is available at this hyperlink. Also, Director Michael Burkland sold 63,608 shares of the business's stock in a transaction on 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.

Analysts Set New Price Targets

Several equities research analysts recently commented on OS shares. Wolfe Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set an "outperform" rating and a $32.00 price objective on the stock. Piper Sandler upped their price objective on Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. TD Cowen assumed coverage on Onestream in a research report on Monday, August 19th. They set a "buy" rating and a $34.00 target price on the stock. Guggenheim lifted their price objective on Onestream from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley boosted their price objective on Onestream from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.50.

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.