Onestream (NASDAQ:OS) Upgraded by Morgan Stanley to “Overweight” Rating

Morgan Stanley upgraded shares of Onestream (NASDAQ:OS) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, MarketBeat.com reports. Morgan Stanley currently has $37.00 price objective on the stock.

OS has been the topic of a number of other reports. Robert W. Baird boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler increased their target price on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note 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. The Goldman Sachs Group assumed coverage on Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Scotiabank boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $35.72.

Onestream Trading Up 3.1 %

Shares of NASDAQ:OS opened at $28.79 on Thursday. The business’s 50-day simple moving average is $29.90. Onestream has a one year low of $24.50 and a one year high of $35.39.

Insider Buying and Selling

In other news, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value 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 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in Onestream during the third quarter worth $27,000. Point72 Asset Management L.P. purchased a new stake in Onestream in the 3rd quarter valued at about $77,000. RiverPark Advisors LLC bought a new stake in Onestream during the third quarter worth $92,000. Moody National Bank Trust Division bought a new stake in shares of Onestream during the 4th quarter worth $200,000. Finally, HighTower Advisors LLC bought a new stake in Onestream in the third quarter worth about $222,000.

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.