State Street Corp Acquires Shares of 114,400 Onestream, Inc. (NASDAQ:OS)

State Street Corp bought a new position in Onestream, Inc. (NASDAQ:OS) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 114,400 shares of the company’s stock, valued at approximately $3,878,000.

A number of other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in Onestream in the third quarter worth $2,030,000. Point72 DIFC Ltd purchased a new stake in shares of Onestream during the 3rd quarter valued at about $1,866,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the 3rd quarter valued at about $77,000. Harvey Partners LLC purchased a new position in Onestream in the third quarter worth about $1,458,000. Finally, HighTower Advisors LLC bought a new stake in Onestream during the third quarter worth approximately $222,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OS shares. Scotiabank raised their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Truist Financial restated a “buy” rating and issued a $37.00 price target (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Wedbush began coverage on shares of Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Trading Down 0.4 %

Shares of NASDAQ:OS opened at $28.87 on Tuesday. The business has a 50 day moving average price of $30.81. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.39.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

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.