Onestream, Inc. (NASDAQ:OS) Given Average Rating of “Moderate Buy” by Analysts

Onestream, Inc. (NASDAQ:OS) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $35.50.

Several equities research analysts recently weighed in on OS shares. Needham & Company LLC boosted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Bank of America boosted their target price on Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. began coverage on Onestream in a research report on Monday, August 19th. They issued an “overweight” rating and a $30.00 price target for the company. Finally, Truist Financial reiterated a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th.

Onestream Stock Up 4.2 %

OS opened at $31.59 on Wednesday. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39. The firm’s 50-day moving average is $31.28.

Insider Buying and Selling at Onestream

In other news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders sold a total of 7,406,022 shares of company stock valued at $222,180,480 in the last ninety days.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter worth $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream in the third quarter worth about $77,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream during the third quarter worth about $92,000. HighTower Advisors LLC acquired a new position in shares of Onestream during the third quarter valued at about $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Onestream in the 3rd quarter valued at approximately $325,000.

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.