TimesSquare Capital Management LLC Increases Stake in Onestream, Inc. (NASDAQ:OS)

TimesSquare Capital Management LLC grew its position in Onestream, Inc. (NASDAQ:OS - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103,806 shares of the company's stock after purchasing an additional 105,403 shares during the period. TimesSquare Capital Management LLC owned about 0.90% of Onestream worth $60,001,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Precision Wealth Strategies LLC bought a new position in shares of Onestream during the third quarter valued at about $338,000. Dakota Wealth Management bought a new position in shares of Onestream during the third quarter valued at about $2,412,000. US Bancorp DE bought a new position in shares of Onestream during the third quarter valued at about $569,000. Harbor Capital Advisors Inc. bought a new position in shares of Onestream during the third quarter valued at about $1,417,000. Finally, Portside Wealth Group LLC bought a new position in shares of Onestream during the third quarter valued at about $593,000.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Craig Colby sold 280,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,279,768 shares of company stock valued at $38,227,916.

Wall Street Analysts Forecast Growth

Several analysts have commented on OS shares. Guggenheim reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Raymond James lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Piper Sandler lifted 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. Robert W. Baird lifted their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Scotiabank lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.11.

Onestream Price Performance

NASDAQ:OS traded up $0.48 during mid-day trading on Friday, hitting $24.68. 1,357,630 shares of the stock traded hands, compared to its average volume of 1,815,619. The business's 50-day moving average price is $28.26 and its 200 day moving average price is $29.74. Onestream, Inc. has a 12-month low of $21.75 and a 12-month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. As a group, sell-side analysts forecast that Onestream, Inc. will post 0.05 EPS for the current fiscal year.

Onestream Company 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.