Onestream, Inc. (NASDAQ:OS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Onestream, Inc. (NASDAQ:OS) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.83.

A number of analysts have recently weighed in on OS shares. Needham & Company LLC raised 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. Guggenheim boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. BMO Capital Markets began coverage on shares of Onestream in a research report on Monday, September 23rd. They set an “outperform” rating and a $38.00 price target on the stock. Scotiabank boosted their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th.

Onestream Stock Up 0.1 %

Shares of NASDAQ OS opened at $29.66 on Friday. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39. The company’s 50 day simple moving average is $30.85.

Insider Buying and Selling

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Craig Colby sold 280,000 shares of the stock in a transaction on Friday, December 13th. The stock was 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. Insiders have sold a total of 7,699,787 shares of company stock valued at $230,912,230 in the last quarter.

Institutional Investors Weigh In On Onestream

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