Onestream (NASDAQ:OS) Given “Buy” Rating at Needham & Company LLC

Onestream (NASDAQ:OS)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a report released on Wednesday,Benzinga reports. They currently have a $38.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 55.36% from the stock’s current price.

OS has been the topic of a number of other research reports. The Goldman Sachs Group assumed coverage on shares of Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target on the stock. Robert W. Baird increased their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler increased their price objective 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. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.28.

Onestream Stock Up 1.2 %

Shares of OS opened at $24.46 on Wednesday. The company has a 50 day moving average price of $28.91 and a 200-day moving average price of $29.85. Onestream has a fifty-two week low of $21.75 and a fifty-two week high of $35.39.

Onestream (NASDAQ:OS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, sell-side analysts anticipate that Onestream will post 0.04 earnings per share 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 dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Craig Colby sold 280,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,709,787 shares of company stock valued at $231,177,930 over the last ninety days.

Institutional Investors Weigh In On Onestream

A number of hedge funds have recently modified their holdings of OS. Renaissance Capital LLC acquired a new stake in shares of Onestream in the third quarter valued at about $1,032,000. Seven Grand Managers LLC acquired a new stake in shares of Onestream in the third quarter valued at about $6,780,000. Precision Wealth Strategies LLC acquired a new stake in shares of Onestream in the third quarter valued at about $338,000. Dakota Wealth Management acquired a new stake in Onestream during the third quarter worth about $2,412,000. Finally, US Bancorp DE acquired a new stake in Onestream during the third quarter worth about $569,000.

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.