Onestream (NASDAQ:OS) Now Covered by Wedbush

Investment analysts at Wedbush started coverage on shares of Onestream (NASDAQ:OS) in a research note issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Wedbush’s price objective points to a potential upside of 34.86% from the company’s current price.

Several other research firms have also recently weighed in on OS. Bank of America upped their price target on shares of Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley upped their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 12th. Raymond James lifted their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird raised 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. Finally, Scotiabank boosted 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. Two 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.83.

Onestream Stock Up 0.1 %

Shares of NASDAQ OS opened at $29.66 on Thursday. The business has a 50-day moving average of $30.85. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Insider Activity

In other Onestream news, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OS. First Horizon Advisors Inc. bought a new position in shares of Onestream in the 3rd quarter worth about $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream during the third quarter valued at approximately $77,000. RiverPark Advisors LLC purchased a new position in shares of Onestream during the third quarter valued at approximately $92,000. HighTower Advisors LLC bought a new stake in shares of Onestream in the 3rd quarter worth approximately $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Onestream in the 3rd quarter worth approximately $325,000.

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.