Analysts Set OneStream, Inc. (NASDAQ:OS) PT at $32.19

Shares of OneStream, Inc. (NASDAQ:OS - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $32.19.

Several equities research analysts recently commented on OS shares. BNP Paribas started coverage on shares of OneStream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price objective on the stock. William Blair began coverage on shares of OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Bank of America upped their target price on shares of OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price target (down from $32.00) on shares of OneStream in a report on Friday, May 9th. Finally, Truist Financial lowered their price target on shares of OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, April 7th.

OneStream Price Performance

OS traded up $0.16 during trading on Friday, reaching $28.56. 1,344,168 shares of the company's stock were exchanged, compared to its average volume of 1,185,975. The company's fifty day moving average price is $25.22 and its 200-day moving average price is $25.83. OneStream has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, analysts anticipate that OneStream will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other OneStream news, CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total value of $719,000.00. Following the sale, the chief financial officer now owns 253,694 shares in the company, valued at $7,296,239.44. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Craig Colby sold 6,279 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total transaction of $177,256.17. Following the completion of the sale, the insider now owns 212,885 shares in the company, valued at $6,009,743.55. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,973 shares of company stock worth $2,901,508. Corporate insiders own 12.77% of the company's stock.

Institutional Trading of OneStream

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of OneStream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock valued at $45,543,000 after acquiring an additional 1,566,276 shares during the last quarter. First Trust Advisors LP raised its stake in shares of OneStream by 3.4% during the fourth quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock valued at $1,485,000 after acquiring an additional 1,731 shares during the last quarter. Bank of America Corp DE raised its stake in shares of OneStream by 350.8% during the fourth quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock valued at $1,040,000 after acquiring an additional 28,379 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of OneStream during the fourth quarter valued at $428,000. Finally, Northern Trust Corp raised its stake in shares of OneStream by 75.1% during the fourth quarter. Northern Trust Corp now owns 100,109 shares of the company's stock valued at $2,855,000 after acquiring an additional 42,923 shares during the last quarter.

About OneStream

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.