Onestream (NASDAQ:OS) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Onestream (NASDAQ:OS) from an equal weight rating to an overweight rating in a report released on Thursday morning, Marketbeat.com reports. Morgan Stanley currently has $37.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective on the stock. BMO Capital Markets began coverage on Onestream in a research note on Monday, September 23rd. They set an “outperform” rating and a $38.00 price objective for the company. Wedbush started coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Needham & Company LLC upped their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James raised their price target on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $35.72.

Onestream Stock Performance

Shares of OS opened at $28.64 on Thursday. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39. The company’s 50-day moving average is $29.83.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Craig Colby sold 280,000 shares of the company’s 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 sold 7,709,787 shares of company stock valued at $231,177,930 over the last three months.

Hedge Funds Weigh In On Onestream

Several institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of Onestream during the third quarter valued at about $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream during the 3rd quarter worth approximately $77,000. RiverPark Advisors LLC purchased a new stake in Onestream during the third quarter valued at approximately $92,000. SG Americas Securities LLC acquired a new stake in Onestream in the fourth quarter valued at approximately $166,000. Finally, Moody National Bank Trust Division purchased a new position in Onestream in the fourth quarter worth $200,000.

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.