TimesSquare Capital Management LLC Purchases 105,403 Shares of Onestream, Inc. (NASDAQ:OS)

TimesSquare Capital Management LLC lifted its stake in Onestream, Inc. (NASDAQ:OS) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,103,806 shares of the company’s stock after acquiring an additional 105,403 shares during the period. TimesSquare Capital Management LLC’s holdings in Onestream were worth $60,001,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Temasek Holdings Private Ltd bought a new position in shares of Onestream in the 3rd quarter worth $37,290,000. Soros Fund Management LLC bought a new position in shares of Onestream in the 3rd quarter worth $33,900,000. FMR LLC bought a new position in shares of Onestream in the 3rd quarter worth $29,381,000. Massachusetts Financial Services Co. MA bought a new position in shares of Onestream in the 3rd quarter worth $26,493,000. Finally, Westfield Capital Management Co. LP bought a new position in shares of Onestream in the 3rd quarter worth $20,566,000.

Analyst Upgrades and Downgrades

OS has been the subject of several recent research reports. Raymond James boosted their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $26.00 in a research report on Wednesday, February 12th. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Piper Sandler upped their target price on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Citigroup reduced their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.11.

Onestream Stock Down 1.4 %

Onestream stock opened at $25.22 on Wednesday. Onestream, Inc. has a 52 week low of $21.75 and a 52 week high of $35.39. The business’s 50-day moving average price is $28.61 and its 200 day moving average price is $29.83.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Sell-side analysts forecast that Onestream, Inc. will post 0.06 EPS for the current fiscal year.

Insider Activity at Onestream

In related news, Director Michael Burkland sold 9,541 shares of the business’s stock in a transaction on 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 is available through this link. Also, President Craig Colby sold 280,000 shares of the business’s 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 a total of 1,269,768 shares of company stock worth $37,977,516 in the last three months.

About Onestream

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.