Onestream, Inc. (NASDAQ:OS) Major Shareholder Sells $191,228,565.89 in Stock

Onestream, Inc. (NASDAQ:OS) major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Onestream Stock Up 0.6 %

OS opened at $30.42 on Wednesday. The company has a fifty day moving average price of $31.24. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BTIG Research assumed 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. Robert W. Baird boosted their target price 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 report on Monday, August 19th. They set a “buy” rating and a $35.00 target price on the stock. Wolfe Research assumed coverage on shares of Onestream in a research report on Monday, August 19th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Scotiabank lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Hedge Funds Weigh In On Onestream

Several large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in Onestream during the third quarter worth $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the third quarter worth $77,000. RiverPark Advisors LLC acquired a new position in Onestream during the third quarter worth $92,000. HighTower Advisors LLC acquired a new position in Onestream during the third quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Onestream during the third quarter worth $325,000.

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.