Insider Selling: Onestream, Inc. (NASDAQ:OS) Director Sells 63,608 Shares of Stock

Onestream, Inc. (NASDAQ:OS) Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Onestream Price Performance

OS opened at $30.42 on Wednesday. The business’s 50-day moving average price is $31.24. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OS shares. Citigroup assumed coverage on shares of Onestream in a research report on Monday, August 19th. They set a “neutral” rating and a $34.00 target price on the stock. Guggenheim raised their price objective on Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Needham & Company LLC upped their price objective on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James boosted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Scotiabank increased their target price on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. TimesSquare Capital Management LLC bought a new position in shares of Onestream in the third quarter worth about $67,746,000. Temasek Holdings Private Ltd bought a new stake in shares of Onestream in the third quarter valued at approximately $37,290,000. Soros Fund Management LLC bought a new stake in shares of Onestream in the third quarter valued at approximately $33,900,000. FMR LLC acquired a new stake in shares of Onestream in the third quarter worth $29,381,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Onestream during the third quarter worth $26,493,000.

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.