Charles Schwab Investment Management Inc. Takes Position in Onestream, Inc. (NASDAQ:OS)

Charles Schwab Investment Management Inc. acquired a new position in shares of Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 165,707 shares of the company’s stock, valued at approximately $5,617,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. TimesSquare Capital Management LLC acquired a new stake in shares of Onestream in the third quarter valued at about $67,746,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Onestream in the third quarter valued at about $26,493,000. Primecap Management Co. CA acquired a new stake in shares of Onestream in the third quarter valued at about $9,017,000. Seven Grand Managers LLC acquired a new stake in shares of Onestream in the third quarter valued at about $6,780,000. Finally, King Luther Capital Management Corp acquired a new stake in Onestream during the third quarter worth approximately $3,051,000.

Analysts Set New Price Targets

OS has been the subject of several recent analyst reports. Wolfe Research initiated coverage on Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 target price for the company. Citigroup assumed coverage on Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target on the stock. Truist Financial reiterated a “buy” rating and issued a $37.00 price target (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. BTIG Research assumed coverage on Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and an average price target of $35.59.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total transaction of $28,684,295.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. Over the last quarter, insiders sold 7,406,022 shares of company stock valued at $222,180,480.

Onestream Stock Down 1.6 %

Shares of NASDAQ OS opened at $30.96 on Friday. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39. The stock has a 50-day moving average price of $30.89.

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.