Onestream (NASDAQ:OS) Shares Up 5.8% – Here’s What Happened

Onestream, Inc. (NASDAQ:OS)’s stock price traded up 5.8% during trading on Friday . The stock traded as high as $27.95 and last traded at $27.89. 763,345 shares were traded during mid-day trading, a decline of 30% from the average session volume of 1,093,879 shares. The stock had previously closed at $26.36.

Analyst Ratings Changes

OS has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector 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 on the stock. Piper Sandler increased their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC boosted their price objective on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Stock Performance

The firm has a fifty day moving average price of $30.21.

Insiders Place Their Bets

In other Onestream news, President Craig Colby sold 280,000 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Burkland sold 63,608 shares of the stock in a transaction on Monday, November 18th. The shares were 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. In the last 90 days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Institutional Trading of Onestream

Institutional investors have recently modified their holdings of the company. Renaissance Capital LLC acquired a new position in Onestream during the third quarter worth about $1,032,000. US Bancorp DE acquired a new position in shares of Onestream in the 3rd quarter worth approximately $569,000. Geode Capital Management LLC bought a new stake in shares of Onestream in the 3rd quarter worth approximately $10,331,000. Temasek Holdings Private Ltd acquired a new stake in shares of Onestream during the 3rd quarter valued at $37,290,000. Finally, State Street Corp purchased a new stake in shares of Onestream during the third quarter valued at $3,878,000.

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.