Zimmer Partners LP Makes New Investment in Onestream, Inc. (NASDAQ:OS)

Zimmer Partners LP bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the company's stock, valued at approximately $1,695,000.

A number of other hedge funds and other institutional investors have also modified their holdings of OS. Temasek Holdings Private Ltd purchased a new stake in shares of Onestream during the 3rd quarter valued at approximately $37,290,000. Soros Fund Management LLC purchased a new stake in Onestream in the third quarter valued at $33,900,000. State Street Corp acquired a new position in shares of Onestream in the 3rd quarter valued at $3,878,000. Stifel Financial Corp acquired a new position in shares of Onestream in the 3rd quarter valued at $2,030,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Onestream during the 3rd quarter worth $1,866,000.

Insider Activity

In other news, Director Michael Burkland sold 9,541 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total transaction of $295,771.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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. Insiders sold a total of 7,406,022 shares of company stock valued at $222,180,480 in the last 90 days.

Onestream Stock Down 0.5 %

NASDAQ:OS traded down $0.14 during mid-day trading on Friday, reaching $30.69. 793,635 shares of the stock were exchanged, compared to its average volume of 1,591,921. The company has a 50 day moving average of $31.07. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup started coverage on shares of Onestream in a report on Monday, August 19th. They issued a "neutral" rating and a $34.00 target price for the company. Guggenheim lifted their price objective on Onestream from $34.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Bank of America increased their target price on Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Morgan Stanley lifted their target price on Onestream from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 12th. Finally, Raymond James increased their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.