Y Intercept Hong Kong Ltd Acquires Shares of 9,573 Onestream, Inc. (NASDAQ:OS)

Y Intercept Hong Kong Ltd bought a new position in Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,573 shares of the company’s stock, valued at approximately $325,000.

A number of other institutional investors have also modified their holdings of the stock. TimesSquare Capital Management LLC bought a new stake in Onestream in the third quarter valued at about $67,746,000. Temasek Holdings Private Ltd acquired a new stake in shares of Onestream during the 3rd quarter valued at approximately $37,290,000. Soros Fund Management LLC bought a new position in Onestream during the third quarter worth $33,900,000. FMR LLC acquired a new position in Onestream in the third quarter worth $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Onestream during the third quarter valued at $26,493,000.

Insider Transactions at Onestream

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OS. Piper Sandler raised their price target 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. The Goldman Sachs Group assumed coverage on Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target on the stock. Robert W. Baird increased their target price on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Raymond James boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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’s stock. Based on data from MarketBeat, Onestream has an average rating of “Moderate Buy” and an average price target of $35.59.

Onestream Price Performance

OS opened at $29.71 on Wednesday. The business has a 50 day moving average price of $30.82. Onestream, Inc. has a 1-year low of $24.50 and a 1-year high of $35.39.

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.