Onestream (NASDAQ:OS) Upgraded at Morgan Stanley

Onestream (NASDAQ:OS) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Thursday,Benzinga reports. The brokerage currently has a $37.00 price objective on the stock. Morgan Stanley’s price objective suggests a potential upside of 32.47% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wedbush initiated 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. 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. Needham & Company LLC boosted their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James raised their target price 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. Finally, Scotiabank boosted their price target on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $35.83.

Onestream Stock Up 7.0 %

Shares of NASDAQ OS opened at $27.93 on Thursday. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39. The company’s 50 day moving average is $30.07.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OS. First Horizon Advisors Inc. bought a new position in Onestream in the third quarter valued at approximately $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the 3rd quarter valued at $77,000. RiverPark Advisors LLC acquired a new position in shares of Onestream during the 3rd quarter worth $92,000. HighTower Advisors LLC bought a new stake in shares of Onestream during the 3rd quarter valued at approximately $222,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Onestream during the 4th quarter valued at $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.