Onestream (NASDAQ:OS) Shares Gap Up – Still a Buy?

Shares of Onestream, Inc. (NASDAQ:OS) 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OS shares. Scotiabank increased their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Needham & Company LLC lifted their target price on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target for the company. Robert W. Baird lifted their price objective on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price objective 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. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Onestream has a consensus rating of “Buy” and a consensus price target of $35.72.

Onestream Trading Down 0.5 %

The business’s fifty day moving average price is $29.83.

Insider Activity at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Institutional Investors Weigh In On Onestream

Several institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of Onestream in the third quarter worth about $27,000. Point72 Asset Management L.P. purchased a new position in Onestream in the 3rd quarter worth approximately $77,000. RiverPark Advisors LLC purchased a new position in Onestream in the 3rd quarter worth approximately $92,000. SG Americas Securities LLC acquired a new stake in Onestream in the fourth quarter valued at approximately $166,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Onestream during the third quarter valued at approximately $222,000.

Onestream Company Profile

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.