RiverPark Advisors LLC Takes $92,000 Position in Onestream, Inc. (NASDAQ:OS)

RiverPark Advisors LLC acquired a new stake in Onestream, Inc. (NASDAQ:OS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,724 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also recently made changes to their positions in OS. TimesSquare Capital Management LLC purchased a new stake in shares of Onestream during the third quarter worth approximately $67,746,000. Seven Grand Managers LLC purchased a new stake in Onestream in the 3rd quarter valued at $6,780,000. Dakota Wealth Management purchased a new stake in Onestream in the 3rd quarter valued at $2,412,000. Harbor Capital Advisors Inc. purchased a new stake in Onestream in the 3rd quarter valued at $1,417,000. Finally, Renaissance Capital LLC purchased a new stake in Onestream in the 3rd quarter valued at $1,032,000.

Onestream Stock Down 10.1 %

Onestream stock opened at $30.13 on Friday. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39. The stock’s 50 day moving average is $31.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Guggenheim upped their price target on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets began coverage on Onestream in a research note on Monday, September 23rd. They set an “outperform” rating and a $38.00 target price on the stock. Needham & Company LLC increased their target price on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup initiated coverage on Onestream in a research note on Monday, August 19th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Loop Capital initiated coverage on Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued 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 target price of $35.50.

Onestream 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.