Onestream (NASDAQ:OS) Stock Price Up 5.8% - Time to Buy?

Onestream, Inc. (NASDAQ:OS - Get Free Report) traded up 5.8% on Friday . The company traded as high as $27.95 and last traded at $27.89. 763,345 shares were traded during mid-day trading, a decline of 30% from the average session volume of 1,093,879 shares. The stock had previously closed at $26.36.

Analysts Set New Price Targets

OS has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Onestream in a report on Wednesday, December 11th. They issued a "buy" rating and a $37.00 target price on the stock. Piper Sandler raised their price objective on Onestream from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Scotiabank increased their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Raymond James raised their price objective on Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.83.

Onestream Stock Up 3.0 %

The firm's 50 day moving average price is $30.27.

Insider Activity

In other news, CFO William A. Koefoed sold 13,765 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business's stock in a transaction on 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. Over the last ninety days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

Hedge Funds Weigh In On Onestream

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

About Onestream

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.