Onestream (NASDAQ:OS) Posts Earnings Results, Beats Expectations By $0.05 EPS

Onestream (NASDAQ:OS) issued its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05, Zacks reports.

Onestream Price Performance

Shares of OS traded up $0.06 during mid-day trading on Tuesday, hitting $30.18. The company had a trading volume of 2,349,258 shares, compared to its average volume of 1,155,582. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39. The business’s 50-day simple moving average is $29.22 and its 200-day simple moving average is $29.91.

Insider Buying and Selling at Onestream

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction that occurred 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 have sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OS. Needham & Company LLC increased their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup cut their price objective on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler boosted their target price on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Raymond James raised their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Wedbush initiated coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target on the stock. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.72.

About Onestream

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.