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

Shares of Onestream, Inc. (NASDAQ:OS) have earned a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.83.

Several research firms recently weighed in on OS. Morgan Stanley raised 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. The Goldman Sachs Group began coverage on shares of Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Raymond James upped their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Bank of America raised their target price on shares of Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Scotiabank upped their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th.

Onestream Stock Performance

Shares of OS stock opened at $28.98 on Friday. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39. The firm has a fifty day simple moving average of $30.81.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Institutional Investors Weigh In On Onestream

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in shares of Onestream during the third quarter worth about $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the 3rd quarter valued at about $77,000. RiverPark Advisors LLC bought a new stake in Onestream during the 3rd quarter worth approximately $92,000. HighTower Advisors LLC purchased a new stake in shares of Onestream in the third quarter worth approximately $222,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Onestream in the third 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.