Onestream’s (OS) Buy Rating Reaffirmed at Guggenheim

Guggenheim reissued their buy rating on shares of Onestream (NASDAQ:OS) in a research report sent to investors on Wednesday,Benzinga reports. Guggenheim currently has a $35.00 price target on the stock.

A number of other research analysts have also commented on the company. Scotiabank increased their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday. Piper Sandler boosted their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Citigroup reduced their price objective on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average target price of $35.28.

Onestream Trading Down 19.9 %

Shares of NASDAQ 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 50-day simple moving average is $29.04 and its 200 day simple moving average is $29.89.

Onestream (NASDAQ:OS) last announced 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. Research analysts expect that Onestream will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Onestream

In other news, Director Michael Burkland sold 63,608 shares of the stock in a transaction on Monday, November 18th. The shares were 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 at this link. Also, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OS. First Horizon Advisors Inc. bought a new position in Onestream in the third quarter valued at $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the 3rd quarter valued at about $77,000. RiverPark Advisors LLC acquired a new stake in shares of Onestream in the third quarter valued at about $92,000. SG Americas Securities LLC bought a new stake in Onestream during the fourth quarter worth about $166,000. Finally, IFP Advisors Inc bought a new stake in Onestream during the fourth quarter worth about $168,000.

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.