Brokerages Set OneStream, Inc. (NASDAQ:OS) Price Target at $32.19

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

OS has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America lifted their target price on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. William Blair assumed coverage on shares of OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating on the stock. Piper Sandler boosted their price objective on shares of OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of OneStream from $36.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 28th.

OneStream Stock Performance

NASDAQ OS traded down $0.77 on Thursday, hitting $25.03. The stock had a trading volume of 1,048,652 shares, compared to its average volume of 1,224,238. OneStream has a 52-week low of $16.69 and a 52-week high of $35.39. The firm has a 50-day moving average of $27.38 and a 200-day moving average of $25.38.

OneStream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. The firm had revenue of $136.31 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. Analysts predict that OneStream will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at OneStream

In related news, Director John Kinzer sold 30,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the transaction, the director owned 7,130 shares of the company's stock, valued at $201,493.80. This trade represents a 80.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Ken Hohenstein sold 20,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $28.28, for a total transaction of $565,600.00. Following the completion of the transaction, the executive directly owned 1,003,163 shares in the company, valued at $28,369,449.64. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,973 shares of company stock worth $4,172,958. 12.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in OneStream during the 4th quarter valued at about $239,000. Charles Schwab Investment Management Inc. grew its position in shares of OneStream by 54.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,138 shares of the company's stock worth $7,277,000 after buying an additional 89,431 shares during the last quarter. Arizona State Retirement System purchased a new stake in OneStream during the 4th quarter worth approximately $322,000. PNC Financial Services Group Inc. grew its position in OneStream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after purchasing an additional 2,600 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in OneStream by 149.0% during the 4th quarter. King Luther Capital Management Corp now owns 224,068 shares of the company's stock worth $6,390,000 after purchasing an additional 134,068 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.