Onestream, Inc.’s (NASDAQ:OS) Lock-Up Period Set To End on January 20th

Onestream’s (NASDAQ:OS) lock-up period is set to expire on Monday, January 20th. Onestream had issued 24,500,000 shares in its public offering on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Scotiabank upped their target price on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Morgan Stanley upgraded shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday. Piper Sandler lifted their target price on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Citigroup dropped their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target for the company. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $35.72.

Onestream Stock Up 3.1 %

Shares of OS stock opened at $28.79 on Friday. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39. The company has a 50-day moving average of $30.00.

Insider Buying and Selling at Onestream

In other news, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OS. First Horizon Advisors Inc. purchased a new stake in Onestream in the 3rd quarter worth $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Onestream in the third quarter valued at about $77,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream during the third quarter worth about $92,000. Moody National Bank Trust Division acquired a new position in shares of Onestream during the 4th quarter worth about $200,000. Finally, HighTower Advisors LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $222,000.

About Onestream

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.