Onestream, Inc.’s (NASDAQ:OS) Lock-Up Period Set To End on January 20th

Onestream’s (NASDAQ:OS) lock-up period will end on Monday, January 20th. Onestream had issued 24,500,000 shares in its initial public offering on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. Raymond James boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective on the stock. Scotiabank upped their target price on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, 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 price objective for the company. Two 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Trading Down 0.1 %

Shares of OS stock opened at $26.10 on Wednesday. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39. The business’s fifty day simple moving average is $30.15.

Insider Activity

In other news, Director Michael Burkland sold 63,608 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available through this link. Also, CFO William A. Koefoed sold 13,765 shares of the firm’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. Insiders sold 7,699,787 shares of company stock worth $230,912,230 in the last 90 days.

Institutional Investors Weigh In On Onestream

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Capital LLC purchased a new stake in shares of Onestream during the third quarter valued at approximately $1,032,000. Geode Capital Management LLC purchased a new stake in Onestream during the 3rd quarter worth $10,331,000. US Bancorp DE acquired a new position in Onestream in the 3rd quarter worth $569,000. Diversified Trust Co purchased a new position in Onestream in the 4th quarter valued at about $1,004,000. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of Onestream during the third quarter valued at about $37,290,000.

Onestream Company Profile

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.