Onestream, Inc.'s Quiet Period Will End on September 2nd (NASDAQ:OS)

Onestream's (NASDAQ:OS - Get Free Report) quiet period will end on Monday, September 2nd. Onestream had issued 24,500,000 shares in its IPO on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. During Onestream's quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OS shares. Morgan Stanley initiated coverage on Onestream in a report on Monday, August 19th. They issued an "equal weight" rating and a $29.00 target price on the stock. Robert W. Baird began coverage on Onestream in a research note on Thursday, August 1st. They issued an "outperform" rating and a $32.00 price objective on the stock. Loop Capital initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set a "buy" rating and a $35.00 target price for the company. Truist Financial started coverage on shares of Onestream in a research report on Monday, August 19th. They set a "buy" rating and a $35.00 price target on the stock. Finally, Bank of America started coverage on shares of Onestream in a research note on Monday, August 19th. They issued a "buy" rating and a $35.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.20.

Onestream Price Performance

Onestream stock traded up $0.31 during midday trading on Monday, hitting $29.91. The stock had a trading volume of 161,898 shares, compared to its average volume of 597,544. Onestream has a 12 month low of $24.50 and a 12 month high of $30.48.

Insider Activity at Onestream

In other news, CFO William A. Koefoed sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $377,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Onestream news, CFO William A. Koefoed sold 20,000 shares of the firm's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $377,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders sold a total of 2,775,146 shares of company stock valued at $52,311,502 in the last quarter.

Onestream Company Profile

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.