Onestream (NASDAQ:OS) Shares Gap Down - Here's What Happened

Onestream, Inc. (NASDAQ:OS - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $33.53, but opened at $31.95. Onestream shares last traded at $32.23, with a volume of 2,682,325 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OS. BTIG Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a "buy" rating and a $37.00 target price on the stock. Truist Financial restated a "buy" rating and issued a $37.00 price target (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. JPMorgan Chase & Co. started coverage on shares of Onestream in a research note on Monday, August 19th. They set an "overweight" rating and a $30.00 price objective on the stock. Baird R W upgraded shares of Onestream to a "strong-buy" rating in a research note on Thursday, August 1st. Finally, Wolfe Research began coverage on shares of Onestream in a report on Monday, August 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.50.

Onestream Stock Performance

The stock has a 50-day simple moving average of $31.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $67,746,000. Temasek Holdings Private Ltd bought a new stake in shares of Onestream in the third quarter worth $37,290,000. Soros Fund Management LLC bought a new position in Onestream in the third quarter valued at $33,900,000. FMR LLC bought a new position in shares of Onestream in the 3rd quarter valued at about $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Onestream during the third quarter worth about $26,493,000.

Onestream Company Profile

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.