Onestream (NASDAQ:OS) Given New $33.00 Price Target at BMO Capital Markets

Onestream (NASDAQ:OS) had its price target hoisted by BMO Capital Markets from $29.00 to $33.00 in a report published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

OS has been the subject of several other reports. BNP Paribas initiated coverage on Onestream in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $30.00 target price for the company. Citigroup dropped their price objective on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Raymond James reissued an “outperform” rating and set a $29.00 target price (down from $32.00) on shares of Onestream in a report on Friday, May 9th. Mizuho started coverage on shares of Onestream in a research report on Wednesday, April 30th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Onestream in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.10.

Onestream Stock Down 0.2%

Shares of Onestream stock opened at $28.35 on Thursday. The firm’s 50 day moving average is $21.74 and its 200 day moving average is $26.32. Onestream has a 1 year low of $16.69 and a 1 year high of $35.39.

Onestream (NASDAQ:OS) last posted its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The firm’s revenue was up 23.6% compared to the same quarter last year. As a group, analysts predict that Onestream will post 0.05 earnings per share for the current year.

Insider Buying and Selling at Onestream

In related news, Director John Kinzer sold 40,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $20.28, for a total value of $811,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new stake in shares of Onestream during the first quarter worth about $35,000. SG Americas Securities LLC acquired a new position in Onestream during the 4th quarter valued at about $166,000. IFP Advisors Inc purchased a new position in shares of Onestream during the fourth quarter valued at approximately $168,000. Moody National Bank Trust Division purchased a new position in shares of Onestream during the fourth quarter valued at approximately $200,000. Finally, PNC Financial Services Group Inc. grew its holdings in Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after buying an additional 2,600 shares in the last quarter.

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.