Seven Grand Managers LLC Makes New Investment in Onestream, Inc. (NASDAQ:OS)

Seven Grand Managers LLC bought a new stake in shares of Onestream, Inc. (NASDAQ:OS) during the 3rd quarter, HoldingsChannel reports. The firm bought 200,000 shares of the company’s stock, valued at approximately $6,780,000. Onestream makes up 1.5% of Seven Grand Managers LLC’s portfolio, making the stock its 20th largest position.

Separately, Renaissance Capital LLC acquired a new position in Onestream in the 3rd quarter worth $1,032,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. began coverage on Onestream in a report on Monday, August 19th. They issued an “overweight” rating and a $30.00 price target for the company. Scotiabank assumed coverage on shares of Onestream in a research report on Monday, August 19th. They set a “sector outperform” rating and a $34.00 price objective for the company. BMO Capital Markets assumed coverage on Onestream in a report on Monday, September 23rd. They set an “outperform” rating and a $38.00 target price for the company. Citigroup began coverage on Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, Piper Sandler upped their price objective on Onestream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.31.

Onestream Price Performance

Shares of OS opened at $29.50 on Thursday. The firm has a 50-day moving average of $30.21. Onestream, Inc. has a 52-week low of $24.50 and a 52-week high of $35.17.

Insider Transactions at Onestream

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

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.