Kkr Group Partnership L.P. Sells 6,376,411 Shares of Onestream, Inc. (NASDAQ:OS) Stock

Onestream, Inc. (NASDAQ:OS) 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 stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Onestream Stock Up 0.3 %

OS stock traded up $0.10 during trading on Monday, hitting $30.23. 3,063,416 shares of the company’s stock were exchanged, compared to its average volume of 814,599. The firm’s 50-day moving average price is $31.20. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.39.

Institutional Investors Weigh In On Onestream

Several institutional investors have recently added to or reduced their stakes in OS. First Horizon Advisors Inc. purchased a new stake in shares of Onestream during the third quarter worth approximately $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Onestream during the third quarter worth approximately $77,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream during the third quarter worth approximately $92,000. HighTower Advisors LLC purchased a new stake in shares of Onestream during the third quarter worth approximately $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Onestream during the third quarter worth approximately $325,000.

Analyst Upgrades and Downgrades

Several research firms have commented on OS. Needham & Company LLC increased their price target on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Raymond James lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $37.00 price target (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Morgan Stanley boosted their price objective on shares of Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price objective on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. 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 stock. Based on data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

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.