Onestream, Inc. (NASDAQ:OS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Onestream, Inc. (NASDAQ:OS) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the company, Marketbeat Ratings 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 twelve-month target price among brokerages that have covered the stock in the last year is $35.50.

A number of brokerages have recently commented on OS. Needham & Company LLC increased their target price 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. Citigroup started coverage on shares of Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 price objective for the company. Loop Capital started coverage on Onestream in a report on Monday, August 19th. They set a “buy” rating and a $35.00 target price on the stock. TD Cowen started coverage on Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Wolfe Research initiated coverage on Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective on the stock.

Onestream Price Performance

OS opened at $29.89 on Wednesday. Onestream has a twelve month low of $24.50 and a twelve month high of $35.39. The stock’s 50-day moving average is $31.35.

Insider Buying and Selling at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders sold a total of 7,406,022 shares of company stock worth $222,180,480 over the last three months.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OS. First Horizon Advisors Inc. acquired a new position in Onestream during the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new position in shares of Onestream during the third quarter worth $77,000. RiverPark Advisors LLC purchased a new position in Onestream in the third quarter valued at $92,000. HighTower Advisors LLC acquired a new stake in Onestream in the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Onestream during the 3rd quarter worth about $325,000.

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.