HighTower Advisors LLC Acquires New Shares in Onestream, Inc. (NASDAQ:OS)

HighTower Advisors LLC bought a new position in shares of Onestream, Inc. (NASDAQ:OS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,577 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently modified their holdings of OS. TimesSquare Capital Management LLC acquired a new stake in Onestream in the third quarter valued at approximately $67,746,000. FMR LLC bought a new stake in Onestream during the 3rd quarter worth approximately $29,381,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Onestream in the third quarter worth approximately $26,493,000. Westfield Capital Management Co. LP bought a new position in Onestream during the 3rd quarter valued at $20,566,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Onestream during the 3rd quarter worth $16,950,000.

Insider Activity

In other Onestream news, Director Michael Burkland sold 9,541 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Craig Colby sold 280,000 shares of Onestream stock in a transaction 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. Insiders sold 7,699,787 shares of company stock valued at $230,912,230 in the last ninety days.

Onestream Stock Performance

OS stock opened at $29.10 on Wednesday. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39. The company has a 50 day moving average of $30.81.

Wall Street Analyst Weigh In

Several research firms have weighed in on OS. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. The Goldman Sachs Group assumed coverage on Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Scotiabank boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Wedbush started coverage on Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Needham & Company LLC upped their price target on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.83.

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.