Brokerages Set Onestream, Inc. (NASDAQ:OS) PT at $35.11

Shares of Onestream, Inc. (NASDAQ:OS) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.11.

A number of brokerages have recently issued reports on OS. The Goldman Sachs Group initiated coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. BMO Capital Markets reduced their price objective on Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Citigroup reduced their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley reduced their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 14th.

Insider Activity at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold 313,765 shares of company stock worth $9,247,850 in the last three months.

Hedge Funds Weigh In On Onestream

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Precision Wealth Strategies LLC boosted its stake in shares of Onestream by 4.9% in the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock valued at $298,000 after buying an additional 484 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of Onestream in the 3rd quarter valued at about $27,000. Franklin Resources Inc. boosted its stake in shares of Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after buying an additional 1,238 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Onestream by 20.3% in the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares during the period. Finally, Woodline Partners LP raised its position in shares of Onestream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock worth $3,819,000 after acquiring an additional 1,515 shares in the last quarter.

Onestream Stock Performance

Onestream stock opened at $23.33 on Friday. Onestream has a 12 month low of $21.69 and a 12 month high of $35.39. The stock’s 50 day simple moving average is $27.06 and its two-hundred day simple moving average is $29.42.

Onestream (NASDAQ:OS) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, equities research analysts expect that Onestream will post 0.05 earnings per share for the current year.

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.