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

Point72 DIFC Ltd acquired a new position in Onestream, Inc. (NASDAQ:OS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 55,037 shares of the company’s stock, valued at approximately $1,866,000.

A number of other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. bought a new position in Onestream during the third quarter valued at about $27,000. Point72 Asset Management L.P. bought a new position in Onestream during the third quarter valued at about $77,000. RiverPark Advisors LLC bought a new position in Onestream during the third quarter valued at about $92,000. HighTower Advisors LLC bought a new position in Onestream during the third quarter valued at about $222,000. Finally, Precision Wealth Strategies LLC bought a new position in Onestream during the third quarter valued at about $338,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on OS shares. Needham & Company LLC boosted their price target on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler lifted 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. Raymond James lifted their price objective on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Morgan Stanley lifted their price objective on Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. began coverage on Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective on the stock. Two equities 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 stock. According to MarketBeat.com, Onestream currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Buying and Selling

In other Onestream news, Director Michael Burkland sold 9,541 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were 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 accessible through this hyperlink. 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. Insiders sold 7,406,022 shares of company stock worth $222,180,480 in the last quarter.

Onestream Price Performance

OS stock opened at $31.86 on Thursday. The stock has a 50 day moving average of $31.19. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week 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.