Onestream, Inc. (NASDAQ:OS) Receives $35.50 Average Target Price from Analysts

Onestream, Inc. (NASDAQ:OS) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $35.50.

A number of research firms recently issued reports on OS. Needham & Company LLC lifted their target price on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Cowen assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $34.00 target price for the company. BMO Capital Markets initiated coverage on shares of Onestream in a research report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, BTIG Research began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 price objective for the company.

Onestream Stock Performance

OS stock opened at $29.89 on Wednesday. The stock’s 50-day moving average is $31.41. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Insiders Place Their Bets

In other Onestream news, Director Michael Burkland sold 9,541 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of Onestream stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $29.99, for a total transaction of $28,684,295.38. The disclosure for this sale can be found here. Insiders sold 7,406,022 shares of company stock valued at $222,180,480 over the last ninety days.

Institutional Investors Weigh In On Onestream

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in shares of Onestream in the third quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the 3rd quarter valued at $77,000. RiverPark Advisors LLC bought a new stake in Onestream in the 3rd quarter valued at $92,000. HighTower Advisors LLC acquired a new stake in Onestream in the 3rd quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Onestream during the 3rd quarter worth 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.