Onestream (NASDAQ:OS) Upgraded by Morgan Stanley to “Overweight” Rating

Morgan Stanley upgraded shares of Onestream (NASDAQ:OS) from an equal weight rating to an overweight rating in a research report released on Thursday, MarketBeat.com reports. The brokerage currently has $37.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Raymond James raised their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. Needham & Company LLC increased their price target on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wedbush assumed coverage on Onestream in a report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Scotiabank raised their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $35.72.

Onestream Stock Up 3.1 %

Shares of NASDAQ:OS opened at $28.79 on Thursday. Onestream has a one year low of $24.50 and a one year high of $35.39. The firm has a fifty day moving average price of $29.90.

Insiders Place Their Bets

In other Onestream 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 value of $1,971,848.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Craig Colby sold 280,000 shares of the firm’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 transaction 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 Investors Weigh In On Onestream

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. purchased a new position in shares of Onestream during the 3rd quarter valued at about $27,000. Point72 Asset Management L.P. purchased a new position in shares of Onestream in the third quarter worth $77,000. RiverPark Advisors LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $92,000. HighTower Advisors LLC bought a new position in Onestream during the third quarter valued at approximately $222,000. Finally, Moody National Bank Trust Division bought a new position in shares of Onestream during the 4th quarter valued at approximately $200,000.

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.