Guggenheim Initiates Coverage on Onestream (NASDAQ:OS)

Guggenheim initiated coverage on shares of Onestream (NASDAQ:OS) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $34.00 price target on the stock. Guggenheim’s price objective points to a potential upside of 15.29% from the stock’s previous close.

A number of other equities analysts also recently weighed in on OS. Scotiabank began coverage on Onestream in a research report on Monday. They set a “sector outperform” rating and a $34.00 price target for the company. Bank of America began coverage on shares of Onestream in a report on Monday. They set a “buy” rating and a $35.00 target price for the company. Raymond James initiated coverage on shares of Onestream in a research note on Monday. They issued an “outperform” rating and a $32.00 price target on the stock. Loop Capital assumed coverage on shares of Onestream in a research note on Monday. They set a “buy” rating and a $35.00 price objective for the company. Finally, Baird R W raised Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Onestream Trading Up 0.6 %

OS opened at $29.49 on Monday. Onestream has a 1 year low of $24.50 and a 1 year high of $30.00.

Insider Transactions at Onestream

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of Onestream stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William A. Koefoed sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $377,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,775,146 shares of company stock worth $52,311,502.

About Onestream

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.