Onestream (NASDAQ:OS) Now Covered by Wedbush

Analysts at Wedbush initiated coverage on shares of Onestream (NASDAQ:OS) in a research note issued to investors on Thursday,Benzinga reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Wedbush’s price objective indicates a potential upside of 36.99% from the company’s current price.

A number of other research analysts have also issued reports on OS. BMO Capital Markets initiated coverage on Onestream in a research report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price objective for the company. Scotiabank boosted 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. Guggenheim increased their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Piper Sandler boosted their price target on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Raymond James raised their price objective on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Onestream currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Trading Down 1.7 %

Shares of NASDAQ:OS opened at $29.20 on Thursday. The stock’s fifty day moving average is $30.83. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39.

Insiders Place Their Bets

In other Onestream news, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Burkland sold 63,608 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The disclosure for this sale can be found here. Insiders have sold 7,699,787 shares of company stock worth $230,912,230 in the last quarter.

Hedge Funds Weigh In On Onestream

A number of hedge funds have recently modified their holdings of OS. First Horizon Advisors Inc. bought a new stake in Onestream in the third quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the 3rd quarter valued at $77,000. RiverPark Advisors LLC acquired a new stake in Onestream in the 3rd quarter worth $92,000. HighTower Advisors LLC acquired a new stake in Onestream during the third quarter worth about $222,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Onestream during the third quarter valued at about $325,000.

About Onestream

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.