Onestream (NASDAQ:OS) Stock Price Down 5.7% - Time to Sell?

Shares of Onestream, Inc. (NASDAQ:OS - Get Free Report) were down 5.7% during mid-day trading on Friday . The stock traded as low as $29.08 and last traded at $29.18. Approximately 1,133,600 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 834,926 shares. The stock had previously closed at $30.96.

Analyst Ratings Changes

OS has been the topic of several recent research reports. BMO Capital Markets assumed coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an "outperform" rating and a $38.00 price objective on the stock. Truist Financial reiterated a "buy" rating and issued a $37.00 price target (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Wolfe Research initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set an "outperform" rating and a $32.00 price target on the stock. The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday. They issued a "buy" rating and a $37.00 price objective for the company. Finally, Scotiabank lifted their target price on Onestream from $34.00 to $35.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.59.

Onestream Trading Down 6.1 %

The company has a 50 day moving average price of $30.84.

Insider Transactions at Onestream

In related news, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total transaction of $28,684,295.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406,022 shares of company stock worth $222,180,480.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OS. Renaissance Capital LLC bought a new position in shares of Onestream during the 3rd quarter worth approximately $1,032,000. US Bancorp DE purchased a new position in Onestream in the third quarter worth $569,000. Temasek Holdings Private Ltd acquired a new position in shares of Onestream during the third quarter worth $37,290,000. Townsquare Capital LLC purchased a new stake in shares of Onestream during the 3rd quarter valued at $3,667,000. Finally, FMR LLC acquired a new stake in shares of Onestream in the 3rd quarter worth $29,381,000.

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.