JPMorgan Chase & Co. purchased a new stake in Onestream, Inc. (NASDAQ:OS – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,603 shares of the company’s stock, valued at approximately $1,037,000.
A number of other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in shares of Onestream during the third quarter worth about $3,491,000. Barclays PLC purchased a new position in Onestream in the 3rd quarter worth approximately $369,000. Geode Capital Management LLC bought a new position in shares of Onestream in the 3rd quarter worth $10,331,000. M&T Bank Corp purchased a new stake in shares of Onestream during the 3rd quarter valued at $908,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Onestream during the 3rd quarter worth $325,000.
Onestream Trading Up 0.1 %
Shares of Onestream stock opened at $30.37 on Friday. Onestream, Inc. has a 12-month low of $24.50 and a 12-month high of $35.39. The firm’s fifty day moving average is $29.49.
Insider Activity
In other news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Burkland sold 63,608 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last quarter.
Analyst Ratings Changes
OS has been the topic of a number of research reports. Scotiabank raised their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Raymond James boosted their target price on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Wedbush began coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Robert W. Baird increased their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $35.72.
Read Our Latest Analysis on Onestream
Onestream 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.
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