Onestream, Inc. (NASDAQ:OS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Onestream, Inc. (NASDAQ:OS) has been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.83.

A number of equities analysts recently weighed in on OS shares. Robert W. Baird lifted their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Needham & Company LLC upped their price target on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America lifted their price objective on shares of Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group started coverage on Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company.

Insider Activity

In related news, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,699,787 shares of company stock valued at $230,912,230 over the last 90 days.

Hedge Funds Weigh In On Onestream

Large investors have recently added to or reduced their stakes in the company. Renaissance Capital LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $1,032,000. Seven Grand Managers LLC bought a new stake in Onestream in the third quarter valued at about $6,780,000. Precision Wealth Strategies LLC acquired a new position in Onestream in the third quarter worth about $338,000. Dakota Wealth Management bought a new position in Onestream during the third quarter worth about $2,412,000. Finally, US Bancorp DE acquired a new stake in Onestream during the third quarter valued at approximately $569,000.

Onestream Price Performance

OS opened at $29.66 on Friday. The stock’s fifty day moving average is $30.85. Onestream has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

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.