Brokerages Set Onestream, Inc. (NASDAQ:OS) PT at $35.83

Onestream, Inc. (NASDAQ:OS) has been assigned an average rating of “Buy” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $35.72.

A number of analysts recently issued reports on the company. Scotiabank lifted 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. The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective on the stock. Robert W. Baird raised their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC upped their price target on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wedbush assumed coverage on shares of Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company.

Onestream Stock Down 0.4 %

Shares of Onestream stock opened at $29.78 on Thursday. Onestream has a 1 year low of $24.50 and a 1 year high of $35.39. The stock has a 50-day simple moving average of $29.55.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.06) EPS for the quarter. The company had revenue of $129.14 million for the quarter, compared to analyst estimates of $124.13 million. On average, research analysts predict that Onestream will post 0.05 EPS for the current fiscal year.

Insider Activity

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream 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 disclosure for this sale can be found here. In the last three months, insiders have sold 7,709,787 shares of company stock worth $231,177,930.

Hedge Funds Weigh In On Onestream

A number of hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Onestream in the fourth quarter valued at approximately $166,000. Moody National Bank Trust Division bought a new stake in shares of Onestream in the 4th quarter valued at $200,000. Harbor Capital Advisors Inc. increased its position in shares of Onestream by 58.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 66,176 shares of the company’s stock worth $1,887,000 after buying an additional 24,377 shares during the period. Diversified Trust Co bought a new position in Onestream during the fourth quarter worth $1,004,000. Finally, JPMorgan Chase & Co. acquired a new position in Onestream in the third quarter valued at $1,037,000.

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.