Onestream (NASDAQ:OS) Now Covered by Wedbush

Wedbush assumed coverage on shares of Onestream (NASDAQ:OS) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $40.00 target price on the stock.

Several other research firms have also recently weighed in on OS. Truist Financial reaffirmed a “buy” rating and issued a $37.00 price target (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Guggenheim increased their target price on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird raised their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price for the company. Finally, Needham & Company LLC lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Price Performance

Shares of NASDAQ:OS traded down $0.02 during trading on Thursday, hitting $29.60. 431,263 shares of the company were exchanged, compared to its average volume of 851,939. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39. The firm’s 50 day moving average is $30.85.

Insiders Place Their Bets

In other news, President Craig Colby sold 280,000 shares of Onestream stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock valued at $230,912,230 over the last 90 days.

Institutional Trading of Onestream

Several institutional investors have recently added to or reduced their stakes in OS. TimesSquare Capital Management LLC bought a new stake in Onestream in the 3rd quarter valued at $67,746,000. Temasek Holdings Private Ltd bought a new stake in Onestream in the 3rd quarter valued at $37,290,000. Soros Fund Management LLC bought a new stake in Onestream in the 3rd quarter valued at $33,900,000. FMR LLC bought a new stake in Onestream in the 3rd quarter valued at $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Onestream in the 3rd quarter valued at $26,493,000.

Onestream Company Profile

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.