State Street Corp Makes New Investment in Onestream, Inc. (NASDAQ:OS)

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

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in Onestream in the 3rd quarter worth about $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the third quarter worth approximately $77,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream during the third quarter valued at approximately $92,000. HighTower Advisors LLC bought a new stake in shares of Onestream during the third quarter valued at approximately $222,000. Finally, Precision Wealth Strategies LLC purchased a new position in Onestream in the 3rd quarter worth approximately $338,000.

Insiders Place Their Bets

In related news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,699,787 shares of company stock worth $230,912,230.

Onestream Stock Performance

OS stock opened at $28.87 on Tuesday. The company’s 50-day moving average is $30.81. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial reissued a “buy” rating and issued a $37.00 target price (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. The Goldman Sachs Group began coverage on Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. Needham & Company LLC upped their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler boosted their price objective on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Onestream presently has a consensus rating of “Moderate Buy” and an average target price of $35.83.

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.