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

Onestream, Inc. (NASDAQ:OS) has been given a consensus rating of “Moderate Buy” by the nineteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.83.

Several research firms have commented on OS. The Goldman Sachs Group initiated coverage on shares of Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective for the company. Piper Sandler increased their price target on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. Scotiabank upped their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, Robert W. Baird lifted their target price on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Onestream Price Performance

Shares of OS stock opened at $28.98 on Friday. The firm has a 50-day moving average price of $30.81. Onestream has a one year low of $24.50 and a one year high of $35.39.

Insiders Place Their Bets

In other Onestream news, President Craig Colby sold 280,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction on Friday, December 13th. The shares were 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 worth $230,912,230 over the last 90 days.

Institutional Investors Weigh In On Onestream

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

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.