Onestream, Inc. (NASDAQ:OS) Receives Consensus Rating of "Moderate Buy" from Analysts

Onestream, Inc. (NASDAQ:OS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nineteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $35.28.

A number of equities research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Scotiabank increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of Onestream in a report on Wednesday. Morgan Stanley raised shares of Onestream from an "equal weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a report on Thursday, January 16th. Finally, Raymond James increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.

Onestream Trading Up 1.2 %

Shares of OS stock traded up $0.29 during mid-day trading on Monday, reaching $24.46. The company's stock had a trading volume of 4,288,640 shares, compared to its average volume of 1,574,351. Onestream has a 1-year low of $21.75 and a 1-year high of $35.39. The firm's 50-day moving average is $28.91 and its two-hundred day moving average is $29.85.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. On average, equities research analysts forecast that Onestream will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred 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. In the last three months, insiders have sold 7,709,787 shares of company stock worth $231,177,930.

Hedge Funds Weigh In On Onestream

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in Onestream during the third quarter worth $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the third quarter worth about $77,000. RiverPark Advisors LLC acquired a new position in Onestream during the third quarter worth about $92,000. SG Americas Securities LLC acquired a new position in Onestream during the fourth quarter worth about $166,000. Finally, IFP Advisors Inc acquired a new position in Onestream during the fourth quarter worth about $168,000.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.