Onestream (NASDAQ:OS) Given New $32.00 Price Target at Citigroup

Onestream (NASDAQ:OS) had its target price reduced by investment analysts at Citigroup from $36.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 8.53% from the stock’s current price.

OS has been the subject of several other reports. Needham & Company LLC raised their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Raymond James upped their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Wedbush started coverage on shares of Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 target price for the company. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $35.72.

Onestream Stock Performance

Onestream stock traded up $1.55 during trading hours on Thursday, reaching $29.48. The stock had a trading volume of 1,064,116 shares, compared to its average volume of 1,173,060. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39. The stock has a 50 day moving average of $30.00.

Insider Buying and Selling at Onestream

In related news, Director Michael Burkland sold 63,608 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Trading of Onestream

A number of hedge funds have recently bought and sold shares of OS. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the third quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Onestream in the 3rd quarter worth $77,000. RiverPark Advisors LLC purchased a new position in shares of Onestream during the 3rd quarter worth $92,000. HighTower Advisors LLC acquired a new position in shares of Onestream during the 3rd quarter valued at about $222,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of Onestream in the fourth quarter valued at about $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.