JPMorgan Chase & Co. Initiates Coverage on Onestream (NASDAQ:OS)

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Onestream (NASDAQ:OS) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.73% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup began coverage on shares of Onestream in a research report on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Robert W. Baird began coverage on shares of Onestream in a research report on Thursday, August 1st. They set an “outperform” rating and a $32.00 target price on the stock. Raymond James assumed coverage on shares of Onestream in a research report on Monday. They set an “outperform” rating and a $32.00 target price on the stock. Morgan Stanley assumed coverage on shares of Onestream in a research note on Monday. They set an “equal weight” rating and a $29.00 price objective for the company. Finally, Baird R W upgraded shares of Onestream to a “strong-buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Onestream currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

Onestream Stock Performance

NASDAQ:OS opened at $29.49 on Monday. Onestream has a twelve month low of $24.50 and a twelve month high of $30.00.

Insider Activity at Onestream

In related news, President Craig Colby sold 200,502 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $3,779,462.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Craig Colby sold 200,502 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $3,779,462.70. The disclosure for this sale can be found here. Insiders sold a total of 2,775,146 shares of company stock worth $52,311,502 in the last three months.

Onestream Company Profile

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.