Onestream, Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:OS)

Onestream’s (NASDAQ:OS) lock-up period is set to end on Monday, January 20th. 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. After the end of Onestream’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Piper Sandler boosted 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. The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective on the stock. BMO Capital Markets assumed coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target for the company. Scotiabank increased 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. Finally, Needham & Company LLC boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $35.72.

Onestream Stock Performance

OS opened at $28.64 on Friday. The stock’s 50-day moving average is $29.83. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Insider Transactions at Onestream

In other news, Director Michael Burkland sold 9,541 shares of the firm’s stock in a transaction dated 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 accessible through this link. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 in the last ninety days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in Onestream during the third quarter worth approximately $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the third quarter worth $77,000. RiverPark Advisors LLC bought a new stake in shares of Onestream during the 3rd quarter worth approximately $92,000. SG Americas Securities LLC acquired a new stake in shares of Onestream during the 4th quarter worth approximately $166,000. Finally, Moody National Bank Trust Division bought a new position in Onestream in the fourth quarter valued at approximately $200,000.

About Onestream

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.