Daiwa Securities Group Inc. Buys New Position in Onestream, Inc. (NASDAQ:OS)

Daiwa Securities Group Inc. bought a new stake in Onestream, Inc. (NASDAQ:OS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 64,025 shares of the company’s stock, valued at approximately $2,170,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in shares of Onestream during the 3rd quarter valued at about $27,000. RiverPark Advisors LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $92,000. Precision Wealth Strategies LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $338,000. Atria Investments Inc bought a new position in shares of Onestream during the 3rd quarter valued at about $425,000. Finally, US Bancorp DE bought a new position in shares of Onestream during the 3rd quarter valued at about $569,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OS. Baird R W upgraded shares of Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Guggenheim upped their price target on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Truist Financial reiterated a “buy” rating and set a $37.00 price objective (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Finally, BMO Capital Markets started coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price for the company. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Buying and Selling at Onestream

In other news, 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 available at the SEC website. Also, Director Michael Burkland sold 9,541 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The disclosure for this sale can be found here. Insiders sold 6,449,560 shares of company stock worth $193,496,185 over the last ninety days.

Onestream Price Performance

Shares of NASDAQ OS opened at $30.36 on Friday. The firm has a 50 day moving average price of $31.41. Onestream, Inc. has a 52 week low of $24.50 and a 52 week 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.