125,000 Shares in Onestream, Inc. (NASDAQ:OS) Bought by HBK Investments L P

HBK Investments L P purchased a new position in Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,000 shares of the company’s stock, valued at approximately $4,238,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. TimesSquare Capital Management LLC bought a new position in shares of Onestream in the third quarter worth $67,746,000. FMR LLC bought a new position in Onestream during the third quarter valued at about $29,381,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Onestream during the third quarter valued at $26,493,000. Westfield Capital Management Co. LP purchased a new stake in shares of Onestream during the third quarter valued at $20,566,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Onestream during the third quarter valued at $16,950,000.

Onestream Trading Down 5.1 %

OS opened at $30.36 on Friday. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.39. The company’s 50 day moving average price is $31.41.

Wall Street Analysts Forecast Growth

OS has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Raymond James raised their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Bank of America raised their price target on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank raised their price target on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. 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 company’s stock. Based on data from MarketBeat.com, Onestream has an average rating of “Moderate Buy” and an average target price of $35.50.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Burkland sold 9,541 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,449,560 shares of company stock worth $193,496,185.

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.