Insider Selling: Onestream, Inc. (NASDAQ:OS) President Sells 280,000 Shares of Stock

Onestream, Inc. (NASDAQ:OS) President Craig Colby sold 280,000 shares of Onestream stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Onestream Trading Up 1.4 %

OS stock opened at $29.62 on Friday. Onestream, Inc. has a 1-year low of $24.50 and a 1-year high of $35.39. The stock has a 50 day moving average of $30.85.

Analysts Set New Price Targets

OS has been the topic of several research reports. Raymond James upped their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC raised their price objective on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank boosted 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. BMO Capital Markets assumed coverage on shares of Onestream in a report on Monday, September 23rd. They set an “outperform” rating and a $38.00 price objective for the company. Finally, Wedbush assumed coverage on Onestream in a research report on Thursday. They issued an “outperform” rating and a $40.00 target price for the company. 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 to the stock. According to MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and an average price target of $35.83.

Institutional Trading of Onestream

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Capital LLC purchased a new stake in shares of Onestream in the 3rd quarter valued at $1,032,000. US Bancorp DE bought a new stake in shares of Onestream in the 3rd quarter worth approximately $569,000. Temasek Holdings Private Ltd purchased a new position in Onestream during the 3rd quarter valued at $37,290,000. Townsquare Capital LLC purchased a new position in shares of Onestream during the third quarter valued at about $3,667,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Onestream in the 3rd quarter worth approximately $5,617,000.

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.