Onestream, Inc. (NASDAQ:OS) Given Average Rating of "Buy" by Brokerages

Onestream, Inc. (NASDAQ:OS - Get Free Report) has been assigned a consensus rating of "Buy" from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.72.

OS has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Onestream in a research report on Wednesday, December 11th. They set a "buy" rating and a $37.00 price objective for the company. Needham & Company LLC raised their price target on Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. Robert W. Baird lifted their price target on Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Raymond James increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Scotiabank lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th.

Insider Buying and Selling

In other Onestream news, President Craig Colby sold 280,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Burkland sold 63,608 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Investors Weigh In On Onestream

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

Onestream Stock Performance

OS traded up $0.86 during midday trading on Thursday, reaching $28.79. The company's stock had a trading volume of 1,868,671 shares, compared to its average volume of 1,266,497. The company's 50-day simple moving average is $30.00. Onestream has a 1 year low of $24.50 and a 1 year high of $35.39.

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.