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

Shares of Onestream, Inc. (NASDAQ:OS) have received an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. Two investment 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 analysts that have covered the stock in the last year is $35.83.

Several analysts have commented on the stock. Raymond James lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush started coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Scotiabank boosted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price objective 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, Needham & Company LLC boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Onestream

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in Onestream during the third quarter worth about $27,000. Point72 Asset Management L.P. bought a new position in Onestream in the 3rd quarter worth about $77,000. RiverPark Advisors LLC bought a new position in Onestream in the 3rd quarter worth about $92,000. HighTower Advisors LLC bought a new position in Onestream in the 3rd quarter worth about $222,000. Finally, Moody National Bank Trust Division bought a new position in Onestream in the 4th quarter worth about $200,000.

Onestream Price Performance

OS stock opened at $27.93 on Thursday. Onestream has a one year low of $24.50 and a one year high of $35.39. The stock has a 50 day moving average price of $30.07.

Onestream Company Profile

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.