Needham & Company LLC Reiterates Buy Rating for Onestream (NASDAQ:OS)

Needham & Company LLC restated their buy rating on shares of Onestream (NASDAQ:OS - Free Report) in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $38.00 price target on the stock.

Several other analysts have also commented on the stock. Scotiabank raised 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. The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They set a "buy" rating and a $37.00 target price for the company. Raymond James lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wedbush initiated coverage on shares of Onestream in a report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of Onestream from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $30.00 to $26.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Onestream currently has an average rating of "Moderate Buy" and an average price target of $35.11.

Onestream Stock Up 4.5 %

Shares of NASDAQ OS traded up $1.11 during trading hours on Wednesday, hitting $25.57. The company's stock had a trading volume of 2,386,269 shares, compared to its average volume of 1,039,494. Onestream has a 12 month low of $21.75 and a 12 month high of $35.39. The business has a 50-day simple moving average of $28.81 and a 200-day simple moving average of $29.83.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Sell-side analysts forecast that Onestream will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total transaction of $265,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Burkland sold 63,608 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in Onestream in the 3rd quarter worth $27,000. Point72 Asset Management L.P. purchased a new stake in Onestream in the 3rd quarter worth $77,000. RiverPark Advisors LLC purchased a new stake in Onestream in the 3rd quarter worth $92,000. SG Americas Securities LLC purchased a new stake in Onestream in the 4th quarter worth $166,000. Finally, IFP Advisors Inc purchased a new stake in Onestream in the 4th quarter worth $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.