Harvey Partners LLC Invests $1.46 Million in Onestream, Inc. (NASDAQ:OS)

Harvey Partners LLC purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,000 shares of the company’s stock, valued at approximately $1,458,000.

Several other institutional investors also recently added to or reduced their stakes in OS. Renaissance Capital LLC purchased a new stake in Onestream during the third quarter valued at about $1,032,000. Seven Grand Managers LLC purchased a new stake in shares of Onestream during the 3rd quarter valued at approximately $6,780,000. Precision Wealth Strategies LLC bought a new position in Onestream in the 3rd quarter worth approximately $338,000. Dakota Wealth Management purchased a new position in Onestream in the 3rd quarter valued at approximately $2,412,000. Finally, US Bancorp DE bought a new stake in Onestream during the 3rd quarter valued at $569,000.

Insider Buying and Selling at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s 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. Over the last quarter, insiders sold 7,406,022 shares of company stock valued at $222,180,480.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OS shares. Citigroup started coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “neutral” rating and a $34.00 target price on the stock. Guggenheim increased their price objective on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Truist Financial restated a “buy” rating and issued a $37.00 target price (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. JPMorgan Chase & Co. began coverage on Onestream in a research note on Monday, August 19th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, BMO Capital Markets started coverage on shares of Onestream in a research note on Monday, September 23rd. They set an “outperform” rating and a $38.00 price target on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Onestream Stock Performance

Shares of OS stock opened at $30.33 on Tuesday. The business has a fifty day moving average price of $31.28. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

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.