Maverick Capital Ltd. Takes $3.39 Million Position in Onestream, Inc. (NASDAQ:OS)

Maverick Capital Ltd. purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS) during the 3rd quarter, HoldingsChannel reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,390,000.

Several other hedge funds also recently modified their holdings of OS. First Horizon Advisors Inc. acquired a new position in shares of Onestream in the 3rd quarter worth $27,000. RiverPark Advisors LLC acquired a new position in shares of Onestream in the 3rd quarter worth $92,000. Precision Wealth Strategies LLC acquired a new position in shares of Onestream in the 3rd quarter worth $338,000. Verition Fund Management LLC acquired a new position in shares of Onestream in the 3rd quarter worth $341,000. Finally, Atria Investments Inc acquired a new position in shares of Onestream in the 3rd quarter worth $425,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OS shares. Loop Capital started coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $35.00 price target on the stock. BTIG Research started coverage on Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $37.00 price objective for the company. TD Cowen began coverage on Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $34.00 price objective for the company. Needham & Company LLC raised their target price on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Truist Financial restated a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Onestream Stock Performance

Shares of Onestream stock opened at $29.89 on Friday. The firm has a 50-day moving average price of $31.35. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction dated Wednesday, November 27th. The shares were 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. Insiders have sold a total of 7,406,022 shares of company stock worth $222,180,480 over the last three months.

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.