Onestream (NASDAQ:OS) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Onestream (NASDAQ:OS - Free Report) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a buy rating and a $37.00 target price on the stock.

Other equities research analysts have also issued reports about the company. Raymond James raised their price objective on Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. BMO Capital Markets began coverage on shares of Onestream in a research report on Monday, September 23rd. They issued an "outperform" rating and a $38.00 target price for the company. Truist Financial reissued a "buy" rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Finally, Bank of America boosted their target price on Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Onestream presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.59.

Onestream Stock Up 3.3 %

OS stock traded up $1.01 during trading hours on Wednesday, hitting $31.46. 938,411 shares of the stock traded hands, compared to its average volume of 834,486. The firm has a 50-day moving average of $30.95. Onestream has a one year low of $24.50 and a one year high of $35.39.

Insider Transactions at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold 7,406,022 shares of company stock valued at $222,180,480 in the last three months.

Hedge Funds Weigh In On Onestream

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new stake in Onestream during the 3rd quarter worth $27,000. Point72 Asset Management L.P. bought a new stake in shares of Onestream in the third quarter worth about $77,000. RiverPark Advisors LLC acquired a new stake in shares of Onestream during the third quarter worth about $92,000. HighTower Advisors LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Onestream in the 3rd quarter valued at approximately $325,000.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.