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

Onestream’s (NASDAQ:OS) lock-up period will end on Monday, January 20th. Onestream had issued 24,500,000 shares in its 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OS. 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. 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. Robert W. Baird lifted their target price on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush started coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Scotiabank lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. 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 MarketBeat, Onestream currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Trading Down 0.1 %

Shares of NASDAQ:OS opened at $26.10 on Wednesday. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39. The business’s 50 day moving average price is $30.15.

Insider Activity

In related news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were 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. In the last 90 days, insiders sold 7,699,787 shares of company stock worth $230,912,230.

Institutional Trading of Onestream

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

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.