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Examining the Potential Price Growth of OneStream Inc (OS)

OneStream Inc’s recently made public that its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $191.24 million on Nov 18 ’24. In the deal valued at $29.99 per share,6,376,411 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 0 shares worth roughly $0.0.

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Then, KKR TFO Partners L.P. sold 6,376,411 shares, generating $191,244,507 in total proceeds. Upon selling the shares at $29.99, the 10% Owner now owns 0 shares.

Before that, KKR NGT (Dream) Blocker Parent sold 6,376,411 shares. OneStream Inc shares valued at $191,244,507 were divested by the 10% Owner at a price of $29.99 per share. As a result of the transaction, KKR NGT (Dream) Blocker Parent now holds 0 shares, worth roughly $0.0.

BMO Capital Markets initiated its OneStream Inc [OS] rating to an Outperform in a research note published on September 23, 2024; the price target was $38. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. Truist began covering OS with “Buy” recommendation on August 19, 2024. TD Cowen started covering the stock on August 19, 2024. It rated OS as “a Buy”.

Price Performance Review of OS

On Friday, OneStream Inc [NASDAQ:OS] saw its stock jump 1.35% to $31.47. Over the last five days, the stock has gained 4.45%. OneStream Inc shares have risen nearly 17.21% since the year began.

Levels Of Support And Resistance For OS Stock

The 24-hour chart illustrates a support level at 31.06, which if violated will result in even more drops to 30.65. On the upside, there is a resistance level at 31.79. A further resistance level may holdings at 32.11. The Relative Strength Index (RSI) on the 14-day chart is 50.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.42%. Stochastics %K at 32.04% indicates the stock is a holding.

How much short interest is there in OneStream Inc?

A steep rise in short interest was recorded in OneStream Inc stocks on 2024-10-31, growing by 65705.0 shares to a total of 2.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.09 million shares. There was a rise of 3.05%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 19, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $34 price target.

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