Temasek Holdings Private Ltd Acquires Shares of 1,100,000 Onestream, Inc. (NASDAQ:OS)

Temasek Holdings Private Ltd bought a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,100,000 shares of the company's stock, valued at approximately $37,290,000. Temasek Holdings Private Ltd owned 0.47% of Onestream at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OS. Renaissance Capital LLC acquired a new position in shares of Onestream in the third quarter valued at $1,032,000. Seven Grand Managers LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $6,780,000. Precision Wealth Strategies LLC bought a new position in shares of Onestream during the 3rd quarter worth about $338,000. Dakota Wealth Management acquired a new stake in shares of Onestream during the 3rd quarter valued at about $2,412,000. Finally, US Bancorp DE bought a new stake in Onestream in the third quarter valued at about $569,000.

Insiders Place Their Bets

In related news, Director Michael Burkland sold 63,608 shares of the stock in a transaction on Monday, November 18th. The stock was 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 SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,406,022 shares of company stock valued at $222,180,480.

Onestream Trading Up 0.8 %

OS stock traded up $0.25 during midday trading on Friday, hitting $31.08. The company's stock had a trading volume of 323,964 shares, compared to its average volume of 830,458. The business has a fifty day moving average price of $31.13. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OS shares. TD Cowen began coverage on Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $34.00 price objective for the company. Citigroup assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued a "neutral" rating and a $34.00 price target on the stock. Needham & Company LLC lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Scotiabank increased their price target on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Finally, Wolfe Research began coverage on shares of Onestream in a report on Monday, August 19th. They issued an "outperform" rating and a $32.00 price target for the company. Two research 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 stock. According to MarketBeat, Onestream presently has an average rating of "Moderate Buy" and a consensus 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.