Onestream (NASDAQ:OS) Trading Down 5.7% – Should You Sell?

Shares of Onestream, Inc. (NASDAQ:OS) traded down 5.7% on Friday . The company traded as low as $29.08 and last traded at $29.18. 1,133,600 shares changed hands during trading, an increase of 36% from the average session volume of 834,926 shares. The stock had previously closed at $30.96.

Analyst Upgrades and Downgrades

OS has been the topic of a number of research analyst reports. 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 report on Friday, November 8th. Citigroup started coverage on Onestream in a research note on Monday, August 19th. They set a “neutral” rating and a $34.00 price target on the stock. Truist Financial reaffirmed a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. The Goldman Sachs Group started coverage on Onestream in a research report on Wednesday. They set a “buy” rating and a $37.00 target price on the stock. Finally, BTIG Research started coverage on Onestream in a research report on Monday, August 19th. They issued a “buy” rating and a $37.00 price target for the company. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.59.

Onestream Price Performance

The company has a 50 day simple moving average of $30.84.

Insider Transactions at Onestream

In related news, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold a total of 7,406,022 shares of company stock worth $222,180,480 in the last three months.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OS. First Horizon Advisors Inc. acquired a new position in shares of Onestream in the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new position in Onestream in the third quarter worth $77,000. RiverPark Advisors LLC acquired a new position in Onestream in the third quarter worth $92,000. HighTower Advisors LLC bought a new stake in Onestream during the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Onestream during the third quarter worth $325,000.

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.