Onestream (NASDAQ:OS) Given Buy Rating at Guggenheim

Onestream (NASDAQ:OS)‘s stock had its “buy” rating reissued by investment analysts at Guggenheim in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $35.00 target price on the stock. Guggenheim’s price objective suggests a potential upside of 43.09% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Wedbush started coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Citigroup lowered their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler raised their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $26.00 in a report on Wednesday. Finally, Scotiabank increased their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Two equities 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.28.

Onestream Trading Up 1.2 %

NASDAQ OS opened at $24.46 on Wednesday. The business’s 50-day moving average price is $28.91 and its 200 day moving average price is $29.85. Onestream has a twelve month low of $21.75 and a twelve month high of $35.39.

Onestream (NASDAQ:OS) last announced its quarterly earnings data 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, research analysts anticipate that Onestream will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Burkland sold 63,608 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock worth $231,177,930 in the last quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OS. First Horizon Advisors Inc. bought a new position in shares of Onestream during the third quarter worth about $27,000. Point72 Asset Management L.P. acquired a new position in shares of Onestream in the 3rd quarter worth approximately $77,000. RiverPark Advisors LLC bought a new stake in shares of Onestream in the 3rd quarter valued at approximately $92,000. SG Americas Securities LLC bought a new stake in shares of Onestream in the 4th quarter valued at approximately $166,000. Finally, IFP Advisors Inc bought a new stake in shares of Onestream in the 4th quarter valued at approximately $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.