Onestream (NASDAQ:OS) Trading Up 5.8% – What’s Next?

Onestream, Inc. (NASDAQ:OS) shot up 5.8% during mid-day trading on Friday . The stock traded as high as $27.95 and last traded at $27.89. 763,345 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,093,879 shares. The stock had previously closed at $26.36.

Analysts Set New Price Targets

OS has been the subject of a number of analyst reports. Raymond James raised their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BMO Capital Markets assumed coverage on Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price for the company. Wedbush started coverage on shares of Onestream in a report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target on the stock. Needham & Company LLC increased their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird lifted their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Onestream has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

Onestream Price Performance

The firm’s fifty day simple moving average is $30.27.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock valued at $230,912,230 in the last quarter.

Institutional Trading of Onestream

A number of institutional investors and hedge funds have recently bought and sold shares of OS. Renaissance Capital LLC bought a new position in shares of Onestream during the 3rd quarter valued at approximately $1,032,000. Seven Grand Managers LLC bought a new position in Onestream during the third quarter valued at $6,780,000. Precision Wealth Strategies LLC purchased a new position in shares of Onestream in the 3rd quarter worth $338,000. Dakota Wealth Management bought a new stake in shares of Onestream in the 3rd quarter worth about $2,412,000. Finally, US Bancorp DE bought a new stake in shares of Onestream in the 3rd quarter worth about $569,000.

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.