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

Onestream, Inc. (NASDAQ:OS) major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total transaction of $28,684,295.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89.

Onestream Price Performance

Shares of Onestream stock traded down $0.47 during mid-day trading on Friday, reaching $29.89. 411,857 shares of the stock traded hands, compared to its average volume of 831,681. The company has a 50-day moving average price of $31.41. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OS. Scotiabank lifted their price target on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Raymond James upped their target price on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on shares of Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. BMO Capital Markets initiated coverage on Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Institutional Investors Weigh In On Onestream

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

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.