Onestream, Inc.’s Quiet Period Will End on September 2nd (NASDAQ:OS)

Onestream’s (NASDAQ:OS) quiet period is set to end on Monday, September 2nd. Onestream had issued 24,500,000 shares in its IPO on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OS shares. Morgan Stanley started coverage on Onestream in a report on Monday, August 19th. They issued an “equal weight” rating and a $29.00 price objective for the company. Scotiabank assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “sector outperform” rating and a $34.00 price objective on the stock. Loop Capital initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $35.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Onestream in a research report on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Onestream Stock Up 2.8 %

Shares of NASDAQ OS opened at $30.37 on Friday. Onestream has a 52 week low of $24.50 and a 52 week high of $30.88.

Insider Transactions at Onestream

In other news, CFO William A. Koefoed sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $377,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO William A. Koefoed sold 20,000 shares of Onestream stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $377,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders sold a total of 2,775,146 shares of company stock valued at $52,311,502 in the last ninety days.

About Onestream

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.