HBK Investments L P Invests $4.24 Million in Onestream, Inc. (NASDAQ:OS)

HBK Investments L P acquired a new position in Onestream, Inc. (NASDAQ:OS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 125,000 shares of the company's stock, valued at approximately $4,238,000. HBK Investments L P owned 0.05% of Onestream as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Renaissance Capital LLC purchased a new position in shares of Onestream during the third quarter valued at about $1,032,000. Seven Grand Managers LLC purchased a new stake in shares of Onestream during the 3rd quarter valued at about $6,780,000. Precision Wealth Strategies LLC bought a new position in shares of Onestream in the 3rd quarter valued at about $338,000. Dakota Wealth Management purchased a new position in Onestream in the third quarter worth about $2,412,000. Finally, US Bancorp DE purchased a new stake in Onestream during the third quarter valued at approximately $569,000.

Insider Activity at Onestream

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total transaction of $28,684,295.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Burkland sold 63,608 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value 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 worth $222,180,480 in the last 90 days.

Onestream Stock Performance

OS traded down $0.47 on Friday, reaching $29.89. The stock had a trading volume of 411,857 shares, compared to its average volume of 831,681. The company has a 50-day moving average price of $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

Several equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Wolfe Research started coverage on shares of Onestream in a research note on Monday, August 19th. They issued an "outperform" rating and a $32.00 target price for the company. Guggenheim upped their price target on Onestream from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Loop Capital began coverage on Onestream in a research report on Monday, August 19th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Two investment 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.50.

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.