Onestream (NASDAQ:OS) Coverage Initiated at BNP Paribas

Analysts at BNP Paribas initiated coverage on shares of Onestream (NASDAQ:OS) in a report released on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $30.00 price target on the stock. BNP Paribas’ price objective would suggest a potential upside of 48.44% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price objective on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets decreased their price target on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Truist Financial cut their price objective on Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, April 7th. 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, February 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 price target on shares of Onestream in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.65.

Onestream Stock Performance

OS opened at $20.21 on Tuesday. The business has a 50 day moving average price of $21.69 and a two-hundred day moving average price of $27.00. Onestream has a 1-year low of $16.69 and a 1-year 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, beating the consensus estimate of $0.02 by $0.05. Sell-side analysts anticipate that Onestream will post 0.05 EPS for the current year.

Insider Buying and Selling

In related news, Director John Kinzer sold 40,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total transaction of $811,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Tuesday, February 18th. The stock was 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.

Institutional Investors Weigh In On Onestream

A number of hedge funds have recently bought and sold shares of OS. Precision Wealth Strategies LLC increased its holdings in shares of 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 purchasing an additional 484 shares during the period. Franklin Resources Inc. raised its holdings in Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after acquiring an additional 1,238 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Onestream by 20.3% in the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares during the period. Woodline Partners LP grew its holdings in shares of Onestream by 1.1% during the 4th quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock worth $3,819,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Onestream during the first quarter valued at approximately $35,000.

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.