Onestream (NASDAQ:OS) Trading Up 5.8% – Should You Buy?

Onestream, Inc. (NASDAQ:OS)’s share price was up 5.8% during trading on Friday . The company traded as high as $27.95 and last traded at $27.89. Approximately 763,345 shares traded hands during trading, a decline of 30% from the average daily volume of 1,093,879 shares. The stock had previously closed at $26.36.

Analyst Ratings Changes

OS has been the subject of several analyst reports. BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price for the company. Needham & Company LLC raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price on the stock. Robert W. Baird increased their price objective on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush assumed coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.83.

Onestream Stock Performance

The stock has a 50 day simple moving average of $30.21.

Insider Buying and Selling

In other news, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,699,787 shares of company stock valued at $230,912,230 over the last quarter.

Institutional Trading of Onestream

A number of institutional investors have recently added to or reduced their stakes in OS. Renaissance Capital LLC acquired a new stake in shares of Onestream during the 3rd quarter valued at approximately $1,032,000. Seven Grand Managers LLC acquired a new position in Onestream during the third quarter worth $6,780,000. Precision Wealth Strategies LLC purchased a new stake in Onestream during the third quarter worth $338,000. Dakota Wealth Management acquired a new stake in Onestream in the third quarter valued at $2,412,000. Finally, US Bancorp DE purchased a new position in shares of Onestream in the third quarter valued at $569,000.

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.