Shares of Onestream, Inc. (NASDAQ:OS - Get Free Report) have received an average rating of "Moderate Buy" from the seventeen ratings firms that are presently covering the company, Marketbeat.com 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 objective among analysts that have issued ratings on the stock in the last year is $35.50.
Several equities analysts recently commented on the company. TD Cowen assumed coverage on Onestream in a research report on Monday, August 19th. They set a "buy" rating and a $34.00 target price for the company. Morgan Stanley upped 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. BTIG Research began coverage on shares of Onestream in a research report on Monday, August 19th. They set a "buy" rating and a $37.00 target price for the company. Citigroup started coverage on shares of Onestream in a report on Monday, August 19th. They issued a "neutral" rating and a $34.00 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.
Get Our Latest Report on OS
In related news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company'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.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. bought a new stake in Onestream during the 3rd quarter valued at approximately $27,000. Point72 Asset Management L.P. bought a new stake in shares of Onestream during the third quarter valued at approximately $77,000. RiverPark Advisors LLC purchased a new stake in Onestream in the third quarter worth $92,000. HighTower Advisors LLC bought a new position in Onestream in the third quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Onestream during the third quarter valued at $325,000.
Shares of NASDAQ:OS opened at $31.99 on Wednesday. The firm has a fifty day moving average price of $31.39. Onestream has a one year low of $24.50 and a one year high of $35.39.
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.
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