Morgan Stanley Upgrades Onestream (NASDAQ:OS) to "Overweight"

Morgan Stanley upgraded shares of Onestream (NASDAQ:OS - Free Report) from an equal weight rating to an overweight rating in a research report released on Thursday, MarketBeat Ratings reports. The firm currently has $37.00 price target on the stock.

OS has been the topic of a number of other research reports. Piper Sandler raised their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Scotiabank lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. Needham & Company LLC upped their price objective on Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Raymond James lifted their target price on Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets initiated coverage on Onestream in a report on Monday, September 23rd. They set an "outperform" rating and a $38.00 price target for the company. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $35.72.

Onestream Stock Performance

NASDAQ:OS traded up $0.86 on Thursday, hitting $28.79. The stock had a trading volume of 1,868,671 shares, compared to its average volume of 1,266,497. The business has a 50-day moving average price of $30.00. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Insider Transactions at Onestream

In other news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TimesSquare Capital Management LLC bought a new stake in Onestream during the third quarter worth approximately $67,746,000. Temasek Holdings Private Ltd bought a new position in shares of Onestream during the 3rd quarter valued at approximately $37,290,000. Soros Fund Management LLC purchased a new stake in Onestream during the 3rd quarter valued at $33,900,000. FMR LLC bought a new position in Onestream during the third quarter valued at $29,381,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Onestream in the third quarter valued at $26,493,000.

About Onestream

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.