Onestream (NASDAQ:OS) Earns Buy Rating from Needham & Company LLC

Onestream (NASDAQ:OS)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $38.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 55.36% from the company’s current price.

OS has been the subject of a number of other research reports. Citigroup cut their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target for the company. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Thursday, January 16th. Raymond James increased their price target on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average price target of $35.28.

Onestream Stock Performance

NASDAQ:OS opened at $24.46 on Wednesday. Onestream has a one year low of $21.75 and a one year high of $35.39. The business has a fifty day moving average price of $28.91 and a 200-day moving average price of $29.85.

Onestream (NASDAQ:OS) last posted 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. Equities research analysts anticipate that Onestream will post 0.04 EPS for the current year.

Insider Activity at Onestream

In other news, Director Michael Burkland sold 63,608 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Onestream in the 4th quarter valued at about $119,214,000. Vanguard Group Inc. boosted its position in Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock valued at $106,852,000 after buying an additional 1,268,733 shares during the period. Champlain Investment Partners LLC purchased a new stake in Onestream in the 4th quarter valued at about $98,076,000. Alliancebernstein L.P. boosted its position in Onestream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after buying an additional 1,357,860 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in Onestream by 5.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company’s stock valued at $60,001,000 after buying an additional 105,403 shares during the period.

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.