Brokerages Set Onestream, Inc. (NASDAQ:OS) Target Price at $35.83

Onestream, Inc. (NASDAQ:OS) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. 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. The average 1-year price target among brokerages that have covered the stock in the last year is $35.83.

A number of equities research analysts recently commented on OS shares. Morgan Stanley boosted their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. BMO Capital Markets initiated coverage on Onestream in a report on Monday, September 23rd. They set an “outperform” rating and a $38.00 price objective on the stock. Truist Financial reiterated a “buy” rating and set a $37.00 target price (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Scotiabank boosted their price target 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. Finally, Wedbush initiated coverage on shares of Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company.

Onestream Stock Performance

Shares of OS stock opened at $29.10 on Friday. The business has a fifty day moving average of $30.81. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Insider Activity

In other Onestream news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Investors Weigh In On Onestream

A number of institutional investors and hedge funds have recently bought and sold shares of OS. TimesSquare Capital Management LLC bought a new position in Onestream in the third quarter worth approximately $67,746,000. Temasek Holdings Private Ltd purchased a new position in shares of Onestream in the 3rd quarter valued at $37,290,000. Soros Fund Management LLC bought a new position in shares of Onestream in the 3rd quarter worth $33,900,000. FMR LLC purchased a new stake in shares of Onestream during the 3rd quarter worth $29,381,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Onestream in the third quarter valued at about $26,493,000.

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.