Onestream (NASDAQ:OS) Now Covered by Analysts at Wedbush

Wedbush started coverage on shares of Onestream (NASDAQ:OS - Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $40.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Guggenheim upped their target price on Onestream from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, September 4th. Morgan Stanley increased their price target on Onestream from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 12th. Truist Financial reiterated a "buy" rating and issued a $37.00 price objective (up previously from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Bank of America increased their target price on shares of Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Finally, Needham & Company LLC lifted their price target on shares of Onestream from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.83.

Onestream Stock Up 1.4 %

NASDAQ OS traded up $0.42 during mid-day trading on Thursday, reaching $29.62. 1,314,107 shares of the stock were exchanged, compared to its average volume of 856,940. The company has a 50 day moving average of $30.85. Onestream has a one year low of $24.50 and a one year high of $35.39.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Craig Colby sold 280,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold a total of 7,699,787 shares of company stock worth $230,912,230 in the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. bought a new position in Onestream in the third quarter valued at $27,000. Point72 Asset Management L.P. bought a new stake in Onestream during the third quarter worth about $77,000. RiverPark Advisors LLC bought a new position in shares of Onestream during the 3rd quarter valued at 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 purchased a new position in shares of Onestream during the 3rd quarter valued at about $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.