Point72 DIFC Ltd Takes $1.87 Million Position in Onestream, Inc. (NASDAQ:OS)

Point72 DIFC Ltd acquired a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 55,037 shares of the company's stock, valued at approximately $1,866,000.

Several other large investors have also modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in shares of Onestream during the 3rd quarter worth $77,000. Harvey Partners LLC purchased a new stake in shares of Onestream in the third quarter valued at $1,458,000. HighTower Advisors LLC purchased a new stake in shares of Onestream in the third quarter valued at $222,000. Holocene Advisors LP purchased a new stake in shares of Onestream in the third quarter valued at $6,950,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Onestream in the third quarter valued at $3,390,000.

Onestream Stock Down 3.2 %

OS traded down $1.03 during midday trading on Thursday, reaching $30.83. 873,298 shares of the company's stock were exchanged, compared to its average volume of 836,023. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39. The company's 50-day moving average is $31.13.

Insider Activity

In other news, Director Michael Burkland sold 63,608 shares of Onestream 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of Onestream 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. Over the last 90 days, insiders sold 7,406,022 shares of company stock worth $222,180,480.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OS shares. Piper Sandler increased their price objective on Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Scotiabank increased their price objective on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. BMO Capital Markets started coverage on Onestream in a report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price objective for the company. Wolfe Research started coverage on Onestream in a report on Monday, August 19th. They set an "outperform" rating and a $32.00 price objective for the company. Finally, Truist Financial reiterated a "buy" rating and set a $37.00 price objective (up from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.