Onestream, Inc. (NASDAQ:OS) Major Shareholder Kkr Group Partnership L.P. Sells 956,462 Shares of Stock

Onestream, Inc. (NASDAQ:OS) major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total value of $28,684,295.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

• On Monday, November 18th, Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89.

Onestream Trading Down 1.5 %

Shares of OS opened at $29.89 on Friday. The stock’s fifty day moving average price is $31.41. Onestream, Inc. has a 12-month low of $24.50 and a 12-month high of $35.39.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $34.00 price objective on the stock. Wolfe Research initiated coverage on Onestream in a research note on Monday, August 19th. They issued an “outperform” rating and a $32.00 price target on the stock. Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Bank of America lifted their price objective on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, 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. Two research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OS. First Horizon Advisors Inc. bought a new stake in shares of Onestream in the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream in the third quarter worth $77,000. RiverPark Advisors LLC bought a new stake in Onestream in the third quarter valued at $92,000. HighTower Advisors LLC bought a new stake in Onestream in the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Onestream during the third quarter valued at $325,000.

Onestream Company 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.