Brokerages Set Onestream, Inc. (NASDAQ:OS) Price Target at $35.50

Onestream, Inc. (NASDAQ:OS) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $35.50.

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. TD Cowen began coverage on shares of Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $34.00 price target for the company. Needham & Company LLC lifted 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. Finally, Raymond James upped their price objective on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

Insider Transactions at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the 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 document filed with the SEC, which can be accessed through this hyperlink. 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 value of $191,228,565.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406,022 shares of company stock worth $222,180,480.

Hedge Funds Weigh In On Onestream

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in Onestream in the third quarter valued at approximately $27,000. Point72 Asset Management L.P. bought a new stake in shares of Onestream during the 3rd quarter valued at $77,000. RiverPark Advisors LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $92,000. HighTower Advisors LLC bought a new position in shares of Onestream in the 3rd quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Onestream in the 3rd quarter worth $325,000.

Onestream Trading Down 1.5 %

OS opened at $29.89 on Wednesday. The company’s 50 day moving average price is $31.41. Onestream has a 1 year low of $24.50 and a 1 year high of $35.39.

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.