2,285 Shares in Onestream, Inc. (NASDAQ:OS) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Onestream, Inc. (NASDAQ:OS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,285 shares of the company’s stock, valued at approximately $77,000.

A number of other large investors have also added to or reduced their stakes in OS. Renaissance Capital LLC purchased a new stake in Onestream during the third quarter valued at approximately $1,032,000. Seven Grand Managers LLC acquired a new position in Onestream during the 3rd quarter valued at about $6,780,000. Precision Wealth Strategies LLC purchased a new stake in Onestream in the third quarter valued at about $338,000. Dakota Wealth Management acquired a new stake in Onestream in the third quarter worth about $2,412,000. Finally, US Bancorp DE purchased a new stake in shares of Onestream during the third quarter worth about $569,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OS. Piper Sandler boosted their target price on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BMO Capital Markets started coverage on Onestream in a research report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price on the stock. Morgan Stanley lifted their price target on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. Wolfe Research started coverage on Onestream in a report on Monday, August 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Bank of America lifted their target price on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.59.

Onestream Price Performance

Shares of OS stock opened at $29.07 on Friday. The stock’s 50 day simple moving average is $30.84. Onestream, Inc. has a 1-year low of $24.50 and a 1-year high of $35.39.

Insiders Place Their Bets

In other news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406,022 shares of company stock worth $222,180,480.

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.