Onestream (NASDAQ:OS) Sees Strong Trading Volume Following Analyst Upgrade

Shares of Onestream, Inc. (NASDAQ:OS - Get Free Report) saw unusually-strong trading volume on Wednesday after Guggenheim raised their price target on the stock from $34.00 to $35.00. Guggenheim currently has a buy rating on the stock. Approximately 219,372 shares changed hands during trading, a decline of 59% from the previous session's volume of 536,680 shares.The stock last traded at $31.08 and had previously closed at $30.76.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley initiated coverage on shares of Onestream in a report on Monday, August 19th. They set an "equal weight" rating and a $29.00 price objective for the company. Piper Sandler boosted their price target on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday. BTIG Research began coverage on Onestream in a report on Monday, August 19th. They set a "buy" rating and a $37.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Onestream in a report on Monday, August 19th. They issued an "overweight" rating and a $30.00 target price for the company. Finally, Needham & Company LLC raised their price target on Onestream from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $34.07.

Insider Activity at Onestream

In other news, President Craig Colby sold 200,502 shares of the firm's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $3,779,462.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Craig Colby sold 200,502 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $3,779,462.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business's stock in a transaction on Thursday, July 25th. The shares were 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 have sold a total of 2,775,146 shares of company stock valued at $52,311,502 in the last ninety days.

Onestream Stock Down 3.9 %

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.