Onestream’s (OS) Buy Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Onestream (NASDAQ:OS) in a research report released on Wednesday,Benzinga reports. The firm currently has a $35.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Onestream in a research note on Wednesday. Scotiabank increased their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $26.00 in a research note on Wednesday. Morgan Stanley raised Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Thursday, January 16th. Finally, Raymond James upped their target price on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.11.

Onestream Stock Up 4.5 %

Shares of OS opened at $25.57 on Wednesday. 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 two-hundred day simple moving average of $29.83.

Onestream (NASDAQ:OS) last issued its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, analysts expect that Onestream will post 0.04 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Burkland sold 63,608 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 over the last 90 days.

Institutional Trading of Onestream

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