Onestream (NASDAQ:OS) Shares Gap Up – What’s Next?

Onestream, Inc. (NASDAQ:OS)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $27.93, but opened at $29.29. Onestream shares last traded at $29.15, with a volume of 184,676 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets initiated coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 target price on the stock. Robert W. Baird lifted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Raymond James increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler boosted their target price on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Morgan Stanley raised shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday. 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 company. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Buy” and a consensus price target of $35.83.

Onestream Stock Performance

The company’s 50-day moving average price is $30.00.

Insider Transactions at Onestream

In other Onestream news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. In 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 and other institutional investors have recently made changes to their positions in the business. Renaissance Capital LLC bought a new stake in shares of Onestream during the third quarter valued at approximately $1,032,000. Geode Capital Management LLC acquired a new position in Onestream during the 3rd quarter worth $10,331,000. US Bancorp DE bought a new position in Onestream in the 3rd quarter valued at $569,000. Diversified Trust Co acquired a new stake in shares of Onestream in the 4th quarter valued at $1,004,000. Finally, Temasek Holdings Private Ltd bought a new stake in shares of Onestream during the third quarter worth $37,290,000.

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.