Massachusetts Financial Services Co. MA Increases Stock Holdings in Onestream, Inc. (NASDAQ:OS)

Massachusetts Financial Services Co. MA boosted its position in shares of Onestream, Inc. (NASDAQ:OS) by 8.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 847,817 shares of the company’s stock after buying an additional 66,325 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Onestream were worth $24,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OS. Norges Bank acquired a new stake in shares of Onestream during the 4th quarter worth about $119,214,000. Vanguard Group Inc. increased its position in shares of Onestream by 51.2% during the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock valued at $106,852,000 after acquiring an additional 1,268,733 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Onestream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after acquiring an additional 1,357,860 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of Onestream by 5.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company’s stock worth $60,001,000 after acquiring an additional 105,403 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup decreased their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wedbush began coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 target price for the company. Morgan Stanley cut their price target on shares of Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. BMO Capital Markets lowered their price objective on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Stephens assumed coverage on shares of Onestream in a research note on Wednesday, March 19th. They set an “overweight” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Onestream has a consensus rating of “Moderate Buy” and a consensus target price of $34.37.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $18.08 on Monday. The firm has a 50 day simple moving average of $24.48 and a 200-day simple moving average of $28.31. Onestream, Inc. has a twelve month low of $17.96 and a twelve month high of $35.39.

Onestream (NASDAQ:OS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, sell-side analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

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.