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

Onestream (NASDAQ:OS)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $38.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 25.91% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group assumed coverage on Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price on the stock. Piper Sandler raised their target price on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Scotiabank raised their target price on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded Onestream from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $26.00 in a research report on Wednesday. Finally, Wedbush began coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective on the stock. Two 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Onestream Price Performance

Shares of OS opened at $30.18 on Wednesday. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39. The stock’s 50 day moving average is $29.19 and its two-hundred day moving average is $29.93.

Onestream (NASDAQ:OS) last issued 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, analysts forecast that Onestream will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value 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 valued at $231,177,930 over the last quarter.

Institutional Inflows and Outflows

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