Onestream (NASDAQ:OS) Given “Buy” Rating at Guggenheim

Onestream (NASDAQ:OS)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $35.00 price target on the stock. Guggenheim’s target price points to a potential upside of 52.43% from the company’s previous close.

Several other equities analysts have also weighed in on OS. JPMorgan Chase & Co. lowered shares of Onestream from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $26.00 in a report on Wednesday. Robert W. Baird increased their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. The Goldman Sachs Group assumed coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Wedbush initiated coverage on shares of Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target for the company. Two investment 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. According to data from MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Onestream Price Performance

Onestream stock traded down $7.22 during mid-day trading on Wednesday, reaching $22.96. 2,955,352 shares of the company were exchanged, compared to its average volume of 1,197,262. The company has a fifty day simple moving average of $29.19 and a 200-day simple moving average of $29.93. Onestream has a 12 month low of $21.75 and a 12 month high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. As a group, research analysts expect that Onestream will post 0.04 EPS for the current fiscal year.

Insider Activity at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Craig Colby sold 280,000 shares of the business’s 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. In the last ninety days, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Hedge Funds Weigh In On Onestream

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Onestream during the 4th quarter valued at approximately $119,214,000. Vanguard Group Inc. increased its stake in shares of Onestream by 51.2% during the fourth 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. TimesSquare Capital Management LLC raised its holdings in shares of Onestream by 5.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company’s stock valued at $60,001,000 after acquiring an additional 105,403 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Onestream by 5,118.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after acquiring an additional 1,566,276 shares during the period. Finally, Temasek Holdings Private Ltd bought a new stake in Onestream in the third quarter valued at $37,290,000.

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.