Onestream, Inc. (NASDAQ:OS) Major Shareholder Sells $28,684,295.38 in Stock

Onestream, Inc. (NASDAQ:OS) major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total transaction of $28,684,295.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

• On Monday, November 18th, Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89.

Onestream Trading Down 1.5 %

NASDAQ:OS opened at $29.89 on Monday. The stock’s 50 day moving average is $31.35. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

Analyst Ratings Changes

A number of research firms have recently issued reports on OS. Guggenheim raised 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. BTIG Research initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 target price on the stock. Citigroup initiated coverage on shares of Onestream in a research report on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Onestream in a research note on Monday, August 19th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Morgan Stanley increased their target price on Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Hedge Funds Weigh In On Onestream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in Onestream during the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. purchased a new position in shares of Onestream during the third quarter worth $77,000. RiverPark Advisors LLC purchased a new position in shares of Onestream during the third quarter worth $92,000. HighTower Advisors LLC acquired a new position in Onestream during the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Onestream during the 3rd quarter worth about $325,000.

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.