Onestream, Inc.'s Lock-Up Period Set To End on January 20th (NASDAQ:OS)

Onestream's (NASDAQ:OS - Get Free Report) lock-up period is set to end on Monday, January 20th. 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Several research firms have commented on OS. Needham & Company LLC raised their price objective on Onestream from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, November 8th. BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They issued an "outperform" rating and a $38.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Onestream in a research report on Wednesday, December 11th. They set a "buy" rating and a $37.00 target price on the stock. Morgan Stanley upped their price target on Onestream from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 12th. Finally, Scotiabank raised their price objective on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Onestream presently has an average rating of "Moderate Buy" and an average price target of $35.83.

Onestream Price Performance

Shares of NASDAQ OS traded down $1.02 during mid-day trading on Monday, reaching $26.12. 807,233 shares of the company traded hands, compared to its average volume of 1,308,176. The company has a fifty day moving average of $30.21. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Insider Activity

In other Onestream news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $1,971,848.00. The disclosure for this sale can be found here. Insiders have sold 7,699,787 shares of company stock worth $230,912,230 over the last 90 days.

Institutional Trading of Onestream

Institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new stake in shares of Onestream during the third quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream during the 3rd quarter valued at $77,000. RiverPark Advisors LLC bought a new position in Onestream in the 3rd quarter valued at $92,000. Moody National Bank Trust Division acquired a new position in Onestream in the fourth quarter worth $200,000. Finally, HighTower Advisors LLC bought a new stake in shares of Onestream during the third quarter worth $222,000.

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.