Brokerages Set Onestream, Inc. (NASDAQ:OS) Price Target at $35.83

Shares of Onestream, Inc. (NASDAQ:OS) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.83.

A number of equities analysts have recently issued reports on the company. Bank of America upped their price objective on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird lifted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush began coverage on shares of Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective 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 report on Friday, November 8th. Finally, Piper Sandler upped their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

Insider Activity

In other news, President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Burkland sold 9,541 shares of the firm’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 sold 7,699,787 shares of company stock valued at $230,912,230 over the last three months.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new position in Onestream in the 3rd quarter worth $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Onestream during the third quarter worth about $77,000. RiverPark Advisors LLC bought a new stake in Onestream during the 3rd quarter valued at approximately $92,000. HighTower Advisors LLC bought a new stake in Onestream during the 3rd quarter valued at approximately $222,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Onestream in the 3rd quarter worth approximately $325,000.

Onestream Price Performance

Onestream stock opened at $29.10 on Friday. The business’s 50-day simple moving average is $30.81. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Onestream Company Profile

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.