Onestream (NASDAQ:OS) Now Covered by William Blair

Investment analysts at William Blair initiated coverage on shares of Onestream (NASDAQ:OS) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating on the stock.

OS has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. Truist Financial lowered their price target on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group dropped their price target on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Mizuho raised their price objective on Onestream from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Onestream in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.19.

Onestream Price Performance

Onestream stock opened at $28.19 on Tuesday. The company’s fifty day moving average price is $22.03 and its 200 day moving average price is $26.23. Onestream has a 1 year low of $16.69 and a 1 year high of $35.39.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, sell-side analysts predict that Onestream will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Onestream

In other news, Director John Kinzer sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 12.77% of the company’s stock.

Institutional Trading of Onestream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OS. JPMorgan Chase & Co. acquired a new position in Onestream during the third quarter worth $1,037,000. SG Americas Securities LLC purchased a new stake in shares of Onestream in the 4th quarter valued at $166,000. Precision Wealth Strategies LLC lifted its stake in Onestream by 4.9% during the 4th quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock worth $298,000 after acquiring an additional 484 shares in the last quarter. Renaissance Capital LLC boosted its holdings in Onestream by 231.3% during the 4th quarter. Renaissance Capital LLC now owns 100,890 shares of the company’s stock valued at $2,877,000 after acquiring an additional 70,439 shares during the period. Finally, Calamos Advisors LLC purchased a new position in Onestream during the 4th quarter valued at about $1,387,000.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.