Brokerages Set Onestream, Inc. (NASDAQ:OS) Price Target at $35.83

Onestream, Inc. (NASDAQ:OS) has earned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $35.83.

A number of research firms have issued reports on OS. Scotiabank raised their target price on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. BMO Capital Markets began coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price for the company. Wedbush started coverage on shares of Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Piper Sandler increased their target price on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Insider Activity

In related news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Craig Colby sold 280,000 shares of Onestream stock in a transaction on Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock worth $230,912,230 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OS. TimesSquare Capital Management LLC bought a new position in Onestream in the 3rd quarter valued at about $67,746,000. Temasek Holdings Private Ltd bought a new position in Onestream during the 3rd quarter worth $37,290,000. Soros Fund Management LLC bought a new position in Onestream during the 3rd quarter worth $33,900,000. FMR LLC acquired a new stake in shares of Onestream during the third quarter worth $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Onestream in the third quarter valued at about $26,493,000.

Onestream Trading Up 1.1 %

Shares of OS stock opened at $29.43 on Friday. The firm has a 50 day moving average of $30.81. Onestream has a twelve month low of $24.50 and a twelve 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.