Onestream’s (OS) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Onestream (NASDAQ:OS) in a report issued on Wednesday,Benzinga reports. They currently have a $38.00 price target on the stock.

Several other research firms have also recently commented on OS. Citigroup cut their price objective 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. Scotiabank boosted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Raymond James boosted their price target 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. Finally, Morgan Stanley raised shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday, January 16th. Two equities 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.28.

Onestream Stock Down 19.9 %

OS opened at $24.17 on Wednesday. Onestream has a 12 month low of $21.75 and a 12 month high of $35.39. The firm’s fifty day simple moving average is $29.04 and its 200 day simple moving average is $29.89.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, research analysts predict that Onestream will post 0.04 earnings per share for the current year.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OS. Norges Bank acquired a new position in shares of Onestream during the 4th quarter worth approximately $119,214,000. TimesSquare Capital Management LLC acquired a new position in shares of Onestream during the 3rd quarter worth approximately $67,746,000. JPMorgan Chase & Co. grew its position in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after purchasing an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after purchasing an additional 1,357,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock worth $106,852,000 after purchasing an additional 1,268,733 shares in the last quarter.

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.