Onestream, Inc.’s Lock-Up Period Set To Expire on January 20th (NASDAQ:OS)

Onestream’s (NASDAQ:OS) lock-up period is set to end on Monday, January 20th. Onestream had issued 24,500,000 shares in its initial public offering on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target for the company. 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. Robert W. Baird upped their price target 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. Needham & Company LLC upped their price objective on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets assumed coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price objective on the stock. Two equities research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

Onestream Stock Up 3.0 %

Onestream stock opened at $27.14 on Monday. The business has a 50 day moving average price of $30.21. Onestream has a 12-month low of $24.50 and a 12-month high of $35.39.

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new stake in Onestream in the third quarter worth about $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Onestream during the third quarter worth about $77,000. RiverPark Advisors LLC acquired a new stake in shares of Onestream during the third quarter worth about $92,000. HighTower Advisors LLC acquired a new stake in shares of Onestream during the third quarter worth about $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Onestream during the third quarter worth about $325,000.

About Onestream

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.