Wedbush Begins Coverage on Onestream (NASDAQ:OS)

Equities research analysts at Wedbush began coverage on shares of Onestream (NASDAQ:OS) in a research report issued on Thursday, Marketbeat.com reports. The firm set an “outperform” rating and a $40.00 price target on the stock. Wedbush’s price objective indicates a potential upside of 34.86% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Piper Sandler increased their price target on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Robert W. Baird increased their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley boosted 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. Raymond James increased 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. Finally, Needham & Company LLC boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. 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 stock. According to MarketBeat.com, Onestream presently has an average rating of “Moderate Buy” and an average price target of $35.83.

Onestream Stock Performance

NASDAQ:OS opened at $29.66 on Thursday. Onestream has a one year low of $24.50 and a one year high of $35.39. The stock’s 50 day simple moving average is $30.85.

Insider Transactions at Onestream

In other Onestream news, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold 7,699,787 shares of company stock valued at $230,912,230 over the last ninety days.

Hedge Funds Weigh In On Onestream

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