Seven Grand Managers LLC Invests $6.78 Million in Onestream, Inc. (NASDAQ:OS)

Seven Grand Managers LLC purchased a new position in shares of Onestream, Inc. (NASDAQ:OS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $6,780,000. Onestream accounts for 1.5% of Seven Grand Managers LLC’s portfolio, making the stock its 20th biggest holding. Seven Grand Managers LLC owned 0.09% of Onestream at the end of the most recent quarter.

Separately, Renaissance Capital LLC purchased a new position in Onestream in the third quarter worth $1,032,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OS. Baird R W upgraded shares of Onestream to a “strong-buy” rating in a report on Thursday, August 1st. Raymond James lifted their price target on shares of Onestream from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. BTIG Research assumed coverage on Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $37.00 price target on the stock. Piper Sandler upped their target price on Onestream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Finally, Robert W. Baird lifted their price target on Onestream from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Two 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. Based on data from MarketBeat, Onestream presently has a consensus rating of “Moderate Buy” and an average target price of $34.31.

Onestream Trading Down 1.5 %

Shares of NASDAQ OS opened at $29.50 on Thursday. Onestream, Inc. has a 1 year low of $24.50 and a 1 year high of $35.17. The stock’s 50 day moving average price is $30.21.

Insiders Place Their Bets

In other news, President Craig Colby sold 200,502 shares of Onestream stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $3,779,462.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, President Craig Colby sold 200,502 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $3,779,462.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,775,146 shares of company stock valued at $52,311,502 in the last quarter.

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.