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 the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Onestream Stock Up 0.3 %

Shares of NASDAQ:OS opened at $30.23 on Tuesday. The firm’s 50-day simple moving average is $31.20. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Hedge Funds Weigh In On Onestream

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

Wall Street Analyst Weigh In

OS has been the subject of several recent analyst reports. Guggenheim raised their target price on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley raised their price objective on Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 12th. Scotiabank upped their target price on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Loop Capital started coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $35.00 price target on the stock. Two equities 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, the stock has an average 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.