43,000 Shares in Onestream, Inc. (NASDAQ:OS) Bought by Harvey Partners LLC

Harvey Partners LLC acquired a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 43,000 shares of the company's stock, valued at approximately $1,458,000.

Other hedge funds have also recently made changes to their positions in the company. TimesSquare Capital Management LLC purchased a new stake in shares of Onestream in the third quarter worth $67,746,000. FMR LLC purchased a new position in Onestream during the 3rd quarter valued at approximately $29,381,000. Massachusetts Financial Services Co. MA purchased a new position in Onestream during the 3rd quarter valued at approximately $26,493,000. Westfield Capital Management Co. LP bought a new stake in shares of Onestream in the 3rd quarter valued at approximately $20,566,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Onestream in the 3rd quarter valued at approximately $16,950,000.

Insider Activity

In related news, Director Michael Burkland sold 9,541 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 7,406,022 shares of company stock worth $222,180,480.

Onestream Price Performance

Shares of OS traded up $1.26 on Tuesday, reaching $31.59. The stock had a trading volume of 1,296,583 shares, compared to its average volume of 837,590. The company's 50-day moving average is $31.28. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

Analysts Set New Price Targets

Several equities research analysts have commented on OS shares. Wolfe Research assumed coverage on Onestream in a research note on Monday, August 19th. They set an "outperform" rating and a $32.00 price objective for the company. Loop Capital started coverage on Onestream in a report on Monday, August 19th. They set a "buy" rating and a $35.00 price objective on the stock. Truist Financial restated 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. TD Cowen assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Bank of America upped their price target on shares of Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.50.

Onestream 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.