Stifel Financial Corp Takes Position in Onestream, Inc. (NASDAQ:OS)

Stifel Financial Corp bought a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 59,870 shares of the company's stock, valued at approximately $2,030,000.

A number of other institutional investors also recently bought and sold shares of OS. First Horizon Advisors Inc. purchased a new position in Onestream during the third quarter valued at $27,000. Point72 Asset Management L.P. purchased a new position in Onestream during the 3rd quarter valued at about $77,000. RiverPark Advisors LLC purchased a new position in Onestream during the 3rd quarter valued at about $92,000. HighTower Advisors LLC bought a new stake in Onestream during the third quarter worth about $222,000. Finally, Precision Wealth Strategies LLC bought a new stake in shares of Onestream in the 3rd quarter worth approximately $338,000.

Onestream Stock Performance

NASDAQ:OS traded up $0.04 during mid-day trading on Friday, hitting $29.66. 2,877,236 shares of the company traded hands, compared to its average volume of 876,181. The company has a fifty day moving average of $30.85. Onestream, Inc. has a one year low of $24.50 and a one year high of $35.39.

Insider Activity at Onestream

In other news, Director Michael Burkland sold 63,608 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Wall Street Analysts Forecast Growth

OS has been the topic of a number of recent analyst reports. Truist Financial reiterated a "buy" rating and set a $37.00 price target (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Morgan Stanley lifted their price objective on Onestream from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 12th. Robert W. Baird upped their target price on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Scotiabank lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group began coverage on shares of Onestream in a report on Wednesday, December 11th. They set a "buy" rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Onestream presently has a consensus rating of "Moderate Buy" and an average target price of $35.83.

Onestream 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.