Onestream, Inc.’s Quiet Period To End on September 2nd (NASDAQ:OS)

Onestream’s (NASDAQ:OS) quiet period will end on Monday, September 2nd. Onestream had issued 24,500,000 shares in its IPO on July 24th. The total size of the offering was $490,000,000 based on an initial share price of $20.00. During Onestream’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OS. Guggenheim began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $34.00 target price on the stock. BTIG Research began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 target price on the stock. Needham & Company LLC began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $33.00 target price on the stock. Truist Financial began coverage on Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Raymond James began coverage on Onestream in a research report on Monday, August 19th. They set an “outperform” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Onestream Stock Up 2.4 %

OS opened at $29.60 on Monday. Onestream has a 12-month low of $24.50 and a 12-month high of $30.48.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $377,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. 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 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $377,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,775,146 shares of company stock worth $52,311,502.

About Onestream

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.