TimesSquare Capital Management LLC Takes $67.75 Million Position in Onestream, Inc. (NASDAQ:OS)

TimesSquare Capital Management LLC bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,998,403 shares of the company's stock, valued at approximately $67,746,000. Onestream makes up about 1.0% of TimesSquare Capital Management LLC's holdings, making the stock its 29th biggest holding. TimesSquare Capital Management LLC owned approximately 0.85% of Onestream at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in Onestream in the third quarter worth about $338,000. Atria Investments Inc purchased a new stake in shares of Onestream during the third quarter valued at $425,000. US Bancorp DE purchased a new stake in shares of Onestream during the third quarter valued at $569,000. Portside Wealth Group LLC purchased a new stake in shares of Onestream during the third quarter valued at $593,000. Finally, Renaissance Capital LLC acquired a new position in Onestream during the third quarter valued at $1,032,000.

Onestream Stock Performance

NASDAQ:OS traded down $1.09 during mid-day trading on Friday, reaching $32.34. The stock had a trading volume of 1,688,117 shares, compared to its average volume of 592,441. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.17. The company has a 50 day moving average of $30.81.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OS. Truist Financial restated a "buy" rating and set a $37.00 price target (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. BMO Capital Markets assumed coverage on shares of Onestream in a research report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price objective for the company. Wolfe Research initiated coverage on shares of Onestream in a report on Monday, August 19th. They set an "outperform" rating and a $32.00 target price on the stock. Loop Capital initiated coverage on shares of Onestream in a report on Monday, August 19th. They issued a "buy" rating and a $35.00 price objective on the stock. Finally, Baird R W upgraded shares of Onestream to a "strong-buy" rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Onestream presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

About Onestream

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.