Onestream, Inc. (NASDAQ:OS) Receives $35.50 Average PT from Analysts

Shares of Onestream, Inc. (NASDAQ:OS) have earned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Two research 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. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $35.50.

OS has been the subject of several research analyst reports. Loop Capital assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $35.00 price objective for the company. Raymond James raised their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price objective on Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 12th. TD Cowen began coverage on shares of Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $34.00 target price on the stock. Finally, Guggenheim lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Insider Transactions at Onestream

In related news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total value of $28,684,295.38. 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 ninety days.

Institutional Trading of Onestream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new position in Onestream in the 3rd quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream in the third quarter valued at $77,000. RiverPark Advisors LLC acquired a new stake in Onestream in the third quarter valued at $92,000. HighTower Advisors LLC purchased a new position in shares of Onestream in the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Onestream during the 3rd quarter worth $325,000.

Onestream Trading Down 1.5 %

NASDAQ OS opened at $29.89 on Wednesday. The firm has a fifty day moving average of $31.35. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39.

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.