Onestream (NASDAQ:OS) Stock Rating Upgraded by Morgan Stanley

Onestream (NASDAQ:OS) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a $37.00 price objective on the stock. Morgan Stanley’s price objective suggests a potential upside of 29.19% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wedbush began coverage on shares of Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target for the company. 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 note on Friday, November 8th. BMO Capital Markets began coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price for the company. Scotiabank increased their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, Raymond James increased their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Onestream has a consensus rating of “Buy” and an average price target of $35.72.

Onestream Price Performance

OS stock opened at $28.64 on Thursday. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39. The company’s 50-day moving average price is $29.83.

Insider Transactions at Onestream

In related news, 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 shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Burkland sold 9,541 shares of the business’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. Over the last 90 days, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC acquired a new stake in Onestream during the 3rd quarter worth $67,746,000. Temasek Holdings Private Ltd acquired a new position in shares of Onestream in the 3rd quarter valued at $37,290,000. Soros Fund Management LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $33,900,000. FMR LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Onestream in the 3rd quarter valued at $26,493,000.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.