Onestream (NASDAQ:OS) Shares Gap Down - Should You Sell?

Shares of Onestream, Inc. (NASDAQ:OS - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $33.43, but opened at $30.48. Onestream shares last traded at $31.74, with a volume of 156,503 shares trading hands.

Analyst Ratings Changes

OS has been the topic of a number of research reports. TD Cowen initiated coverage on Onestream in a report on Monday, August 19th. They issued a "buy" rating and a $34.00 price objective on the stock. Bank of America raised their target price on Onestream from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Piper Sandler raised their target price on Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday. Scotiabank raised their target price on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Raymond James raised their target price on Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday. Two research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Onestream Stock Down 3.3 %

The stock's 50-day moving average price is $30.78.

Hedge Funds Weigh In On Onestream

Several institutional investors have recently bought and sold shares of OS. Renaissance Capital LLC purchased a new position in shares of Onestream in the 3rd quarter valued at about $1,032,000. Seven Grand Managers LLC purchased a new position in shares of Onestream in the 3rd quarter valued at about $6,780,000. Precision Wealth Strategies LLC purchased a new position in shares of Onestream in the 3rd quarter valued at about $338,000. Dakota Wealth Management purchased a new position in shares of Onestream in the 3rd quarter valued at about $2,412,000. Finally, US Bancorp DE purchased a new position in shares of Onestream in the 3rd quarter valued at about $569,000.

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.