Analysts Set Onestream, Inc. (NASDAQ:OS) Price Target at $35.50

Onestream, Inc. (NASDAQ:OS) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $35.50.

Several equities analysts have recently issued reports on OS shares. Loop Capital initiated coverage on shares of Onestream in a report on Monday, August 19th. They set a “buy” rating and a $35.00 target price for the company. Scotiabank increased their target price on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised their price target on Onestream from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Citigroup assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, Piper Sandler raised their price objective on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Insider Buying and Selling at Onestream

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total transaction of $28,684,295.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,971,848.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,406,022 shares of company stock valued at $222,180,480.

Institutional Investors Weigh In On Onestream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OS. Franklin Resources Inc. bought a new position in Onestream in the 3rd quarter worth $3,491,000. Barclays PLC bought a new position in shares of Onestream in the third quarter worth about $369,000. Geode Capital Management LLC purchased a new stake in shares of Onestream during the third quarter worth about $10,331,000. M&T Bank Corp purchased a new position in Onestream in the 3rd quarter worth approximately $908,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Onestream in the 3rd quarter worth approximately $325,000.

Onestream Stock Up 4.2 %

Shares of Onestream stock opened at $31.59 on Wednesday. The firm’s fifty day moving average price is $31.28. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39.

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.