Insider Selling: Onestream, Inc. (NASDAQ:OS) Major Shareholder Sells 956,462 Shares of Stock

Onestream, Inc. (NASDAQ:OS) major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total transaction of $28,684,295.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89.

Onestream Stock Down 1.5 %

Shares of NASDAQ:OS opened at $29.89 on Friday. The business has a 50-day moving average of $31.35. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OS. BTIG Research initiated coverage on Onestream in a report on Monday, August 19th. They set a “buy” rating and a $37.00 price target on the stock. BMO Capital Markets assumed coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price on the stock. Bank of America raised their price target on shares of Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird upped their price objective on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Truist Financial reissued a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Onestream currently has an average rating of “Moderate Buy” and an average target price of $35.50.

Institutional Investors Weigh In On Onestream

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new position in Onestream in the 3rd quarter worth $3,491,000. Barclays PLC bought a new position in shares of Onestream in the third quarter worth about $369,000. Geode Capital Management LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $10,331,000. M&T Bank Corp bought a new stake in Onestream during the 3rd quarter valued at approximately $908,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Onestream in the 3rd quarter valued at approximately $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.