Onestream, Inc. (NASDAQ:OS) Receives $32.19 Average PT from Analysts

Onestream, Inc. (NASDAQ:OS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-three analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.19.

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Raymond James restated an "outperform" rating and set a $29.00 target price (down previously from $32.00) on shares of Onestream in a research report on Friday, May 9th. BNP Paribas assumed coverage on shares of Onestream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target on the stock. The Goldman Sachs Group cut their price objective on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Piper Sandler upped their target price on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th.

Onestream Trading Down 2.2%

OS stock traded down $0.63 on Friday, reaching $27.51. 1,337,805 shares of the company's stock were exchanged, compared to its average volume of 1,185,673. The stock has a fifty day moving average of $24.69 and a 200-day moving average of $25.84. Onestream has a twelve month low of $16.69 and a twelve month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 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. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Onestream will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Onestream news, Director John Kinzer sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total transaction of $811,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William A. Koefoed sold 6,501 shares of the company'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 value of $183,523.23. Following the sale, the chief financial officer now owns 247,193 shares in the company, valued at $6,978,258.39. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,973 shares of company stock worth $2,901,508. 12.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Onestream

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after purchasing an additional 1,566,276 shares during the period. First Trust Advisors LP raised its position in shares of Onestream by 3.4% during the 4th quarter. First Trust Advisors LP now owns 52,078 shares of the company's stock worth $1,485,000 after purchasing an additional 1,731 shares during the period. Bank of America Corp DE raised its position in shares of Onestream by 350.8% during the 4th quarter. Bank of America Corp DE now owns 36,469 shares of the company's stock worth $1,040,000 after purchasing an additional 28,379 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Onestream during the 4th quarter worth approximately $428,000. Finally, Northern Trust Corp raised its position in shares of Onestream by 75.1% during the 4th quarter. Northern Trust Corp now owns 100,109 shares of the company's stock worth $2,855,000 after purchasing an additional 42,923 shares during the period.

Onestream Company Profile

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.