1,000,000 Shares in Onestream, Inc. (NASDAQ:OS) Purchased by Soros Fund Management LLC

Soros Fund Management LLC purchased a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,000,000 shares of the company's stock, valued at approximately $33,900,000. Soros Fund Management LLC owned approximately 0.43% of Onestream as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in OS. First Horizon Advisors Inc. bought a new stake in Onestream in the third quarter worth $27,000. Point72 Asset Management L.P. bought a new stake in shares of Onestream in the 3rd quarter worth about $77,000. RiverPark Advisors LLC bought a new position in shares of Onestream in the 3rd quarter valued at about $92,000. HighTower Advisors LLC purchased a new position in Onestream in the third quarter worth about $222,000. Finally, Precision Wealth Strategies LLC bought a new stake in Onestream during the third quarter worth approximately $338,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on OS. Morgan Stanley upped their price target on shares of Onestream from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Tuesday, November 12th. BMO Capital Markets initiated coverage on Onestream in a report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price objective for the company. Truist Financial reiterated a "buy" rating and issued a $37.00 target price (up previously from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. BTIG Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $37.00 target price for the company. Finally, Needham & Company LLC boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Onestream currently has an average rating of "Moderate Buy" and an average target price of $35.50.

Onestream Trading Up 1.7 %

OS traded up $0.51 during midday trading on Friday, reaching $31.34. 261,569 shares of the company's stock were exchanged, compared to its average volume of 829,747. The company's 50-day moving average price is $31.13. Onestream, Inc. has a 1-year low of $24.50 and a 1-year high of $35.39.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Burkland sold 63,608 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here. Insiders sold a total of 7,406,022 shares of company stock valued at $222,180,480 over the last 90 days.

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.