The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. OneStream Inc shares valued at $191,244,507 were sold by KKR Group Partnership L.P. on Nov 18 ’24. At $29.99 per share, KKR Group Partnership L.P. sold 6,376,411 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, KKR TFO Partners L.P. sold 6,376,411 shares, netting a total of over 191,244,507 in proceeds. Following the sale of shares at $29.99 each, the insider now holds 0 shares.
Before that, KKR NGT (Dream) Blocker Parent had sold 6,376,411 shares from its account. In a trade valued at $191,244,507, the 10% Owner traded OneStream Inc shares for $29.99 each. Upon closing the transaction, the insider’s holdings decreased to 6,376,411 shares, worth approximately $0.0.
As published in their initiating research note from BMO Capital Markets on September 23, 2024, OneStream Inc [OS] has been an Outperform and the price target has been revised to $38. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid August. As of August 19, 2024, Truist has initiated its “Buy” rating for OS. Earlier on August 19, 2024, TD Cowen initiated its rating. Their recommendation was “a Buy” for OS stock.
Analyzing OS Stock Performance
During the last five days, there has been a drop of approximately -11.47%. Over the course of the year, OneStream Inc shares have jumped approximately 13.59%. Nevertheless, trading volume fell to 1.05 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for OneStream Inc (OS)
According to the 24-hour chart, there is a support level at 29.96, which, if violated, would cause prices to drop to 29.43. In the upper region, resistance lies at 30.82. The next price resistance is at 31.15. RSI (Relative Strength Index) is 46.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 74.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
