Soros Fund Management LLC Takes Position in Onestream, Inc. (NASDAQ:OS)

Soros Fund Management LLC acquired a new position in shares of Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $33,900,000.

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

Onestream Stock Down 3.2 %

Shares of Onestream stock opened at $30.83 on Friday. The business has a fifty day moving average price of $31.13. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OS. Truist Financial reaffirmed a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Needham & Company LLC lifted their price target on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird upped their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Loop Capital assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $35.00 price target for the company. Finally, BTIG Research initiated coverage on shares of Onestream in a report on Monday, August 19th. They set a “buy” rating and a $37.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Insider Activity

In related news, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders sold a total of 7,406,022 shares of company stock worth $222,180,480 over the last 90 days.

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.