Insider Selling: Onestream, Inc. (NASDAQ:OS) President Sells 280,000 Shares of Stock

Onestream, Inc. (NASDAQ:OS) President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Onestream Price Performance

Shares of OS stock traded up $0.38 on Tuesday, reaching $29.71. The company had a trading volume of 942,262 shares, compared to its average volume of 848,552. The stock’s 50-day simple moving average is $30.82. Onestream, Inc. has a 12 month low of $24.50 and a 12 month high of $35.39.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently modified their holdings of OS. TimesSquare Capital Management LLC acquired a new position in Onestream during the 3rd quarter worth approximately $67,746,000. Temasek Holdings Private Ltd acquired a new position in Onestream during the 3rd quarter worth approximately $37,290,000. Soros Fund Management LLC acquired a new position in Onestream during the 3rd quarter worth approximately $33,900,000. FMR LLC acquired a new position in Onestream during the 3rd quarter worth approximately $29,381,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Onestream during the 3rd quarter worth approximately $26,493,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. BTIG Research started coverage on shares of Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 price target on the stock. Wolfe Research started coverage on Onestream in a report on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective for the company. The Goldman Sachs Group started coverage on Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Scotiabank boosted their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Onestream presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.59.

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.