Onestream (NASDAQ:OS) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Onestream (NASDAQ:OS) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a $38.00 price target on the stock.

Several other equities analysts also recently commented on OS. Raymond James increased their target price on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley raised shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday, January 16th. Citigroup lowered their target price on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $26.00 in a research report on Wednesday. Finally, Wedbush initiated coverage on shares of Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Onestream has an average rating of “Moderate Buy” and an average target price of $35.28.

Onestream Trading Down 19.9 %

Shares of NASDAQ:OS opened at $24.17 on Wednesday. Onestream has a 1 year low of $21.75 and a 1 year high of $35.39. The business has a fifty day simple moving average of $29.04 and a 200 day simple moving average of $29.89.

Onestream (NASDAQ:OS) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Analysts expect that Onestream will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction on Monday, November 18th. The stock was 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. Insiders sold a total of 7,709,787 shares of company stock worth $231,177,930 over the last quarter.

Institutional Trading of Onestream

A number of institutional investors have recently bought and sold shares of OS. Renaissance Capital LLC acquired a new stake in Onestream during the 3rd quarter worth $1,032,000. Seven Grand Managers LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $6,780,000. Precision Wealth Strategies LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $338,000. Dakota Wealth Management acquired a new position in shares of Onestream in the 3rd quarter valued at $2,412,000. Finally, US Bancorp DE acquired a new position in shares of Onestream in the 3rd quarter valued at $569,000.

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.