HighTower Advisors LLC Invests $222,000 in Onestream, Inc. (NASDAQ:OS)

HighTower Advisors LLC bought a new stake in shares of Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,577 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new stake in shares of Onestream during the third quarter valued at approximately $27,000. RiverPark Advisors LLC purchased a new position in Onestream during the 3rd quarter worth approximately $92,000. Precision Wealth Strategies LLC purchased a new stake in shares of Onestream in the third quarter valued at $338,000. Verition Fund Management LLC purchased a new stake in shares of Onestream in the third quarter valued at $341,000. Finally, Atria Investments Inc acquired a new stake in shares of Onestream in the third quarter worth $425,000.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Guggenheim increased their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Morgan Stanley boosted their price target on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group started coverage on Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Piper Sandler upped their target price on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Onestream has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Price Performance

Shares of NASDAQ:OS 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 stock’s 50-day moving average price is $30.81.

Insider Buying and Selling

In other Onestream news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction dated Friday, December 13th. The shares were 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. Insiders sold a total of 7,699,787 shares of company stock valued at $230,912,230 over the last three months.

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.