Onestream, Inc. (NASDAQ:OS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Onestream, Inc. (NASDAQ:OS) have been given an average recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.50.

OS has been the topic of a number of analyst reports. Citigroup began coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target on the stock. Scotiabank increased their price target 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. Robert W. Baird boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. TD Cowen initiated coverage on Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $34.00 target price on the stock. Finally, Raymond James boosted their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Onestream Price Performance

OS stock opened at $31.99 on Wednesday. The company’s 50 day moving average is $31.39. Onestream has a twelve month low of $24.50 and a twelve month high of $35.39.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Onestream

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

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.