Seven Grand Managers LLC Buys Shares of 200,000 Onestream, Inc. (NASDAQ:OS)

Seven Grand Managers LLC bought a new position in Onestream, Inc. (NASDAQ:OS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,000 shares of the company's stock, valued at approximately $6,780,000. Onestream accounts for approximately 1.5% of Seven Grand Managers LLC's holdings, making the stock its 20th biggest position. Seven Grand Managers LLC owned about 0.09% of Onestream as of its most recent filing with the Securities and Exchange Commission.

Separately, Renaissance Capital LLC acquired a new position in Onestream during the third quarter valued at approximately $1,032,000.

Insider Activity at Onestream

In other news, CFO William A. Koefoed sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $377,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 20,000 shares of Onestream stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $377,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,775,146 shares of company stock valued at $52,311,502 over the last three months.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OS shares. Raymond James raised their target price on shares of Onestream from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Citigroup assumed coverage on Onestream in a research report on Monday, August 19th. They issued a "neutral" rating and a $34.00 price objective on the stock. TD Cowen assumed coverage on Onestream in a research report on Monday, August 19th. They issued a "buy" rating and a $34.00 target price for the company. Robert W. Baird raised their target price on Onestream from $32.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. started coverage on Onestream in a report on Monday, August 19th. They issued an "overweight" rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.31.

Onestream Stock Performance

Shares of OS traded down $0.27 during midday trading on Thursday, hitting $29.23. The company had a trading volume of 331,063 shares, compared to its average volume of 630,829. Onestream, Inc. has a 52 week low of $24.50 and a 52 week high of $35.17. The firm has a 50 day moving average price of $30.25.

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.