Onestream (NASDAQ:OS) Earns Buy Rating from Analysts at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group began coverage on shares of Onestream (NASDAQ:OS) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $37.00 price target on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 21.51% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler boosted their target price on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. began coverage on shares of Onestream in a research report on Monday, August 19th. They set an “overweight” rating and a $30.00 target price on the stock. Morgan Stanley lifted their price target on shares of Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Needham & Company LLC lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.59.

Onestream Trading Up 0.6 %

Onestream stock opened at $30.45 on Wednesday. The business has a fifty day simple moving average of $30.95. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Insiders Place Their Bets

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Burkland sold 9,541 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total transaction of $295,771.00. 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 in the last quarter.

Institutional Investors Weigh In On Onestream

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