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

Onestream, Inc. (NASDAQ:OS - Get Free Report) major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions 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 Stock Down 1.5 %

Shares of OS traded down $0.47 during midday trading on Friday, hitting $29.89. 411,857 shares of the company traded hands, compared to its average volume of 831,681. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39. The stock's 50-day moving average is $31.41.

Hedge Funds Weigh In On Onestream

Several hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC bought a new position in Onestream in the 3rd quarter valued at $67,746,000. Temasek Holdings Private Ltd purchased a new stake in shares of Onestream in the third quarter worth $37,290,000. Soros Fund Management LLC purchased a new stake in shares of Onestream in the third quarter worth $33,900,000. FMR LLC bought a new stake in Onestream during the third quarter valued at $29,381,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Onestream during the third quarter worth about $26,493,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OS. Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Baird R W raised Onestream to a "strong-buy" rating in a research report on Thursday, August 1st. Piper Sandler boosted their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Truist Financial restated a "buy" rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Finally, Bank of America boosted their target price on shares of Onestream from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.