Piper Sandler Increases Onestream (NASDAQ:OS) Price Target to $34.00

Onestream (NASDAQ:OS) had its price target hoisted by Piper Sandler from $32.00 to $34.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 20.27% from the stock’s previous close.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, March 28th. BMO Capital Markets lifted their price objective on Onestream from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday. BNP Paribas initiated coverage on Onestream in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Bank of America lifted their price objective on Onestream from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Onestream has an average rating of “Moderate Buy” and a consensus target price of $32.19.

Onestream Trading Down 0.3%

Onestream stock opened at $28.27 on Friday. The stock has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $26.27. Onestream has a 52-week low of $16.69 and a 52-week high of $35.39.

Onestream (NASDAQ:OS) last announced its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. The business’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that Onestream will post 0.05 EPS for the current year.

Insider Activity

In other Onestream 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 transaction of $811,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OS. Voleon Capital Management LP boosted its stake in shares of Onestream by 52.7% during the first quarter. Voleon Capital Management LP now owns 66,753 shares of the company’s stock valued at $1,425,000 after purchasing an additional 23,028 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Onestream by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock worth $23,530,000 after purchasing an additional 371,520 shares during the period. Temasek Holdings Private Ltd raised its position in shares of Onestream by 2,206.9% during the first quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company’s stock worth $63,089,000 after purchasing an additional 2,828,209 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Onestream during the first quarter worth approximately $10,399,000. Finally, Alliancebernstein L.P. raised its position in Onestream by 15.5% in the 1st quarter. Alliancebernstein L.P. now owns 2,847,280 shares of the company’s stock valued at $60,761,000 after buying an additional 381,601 shares during the last quarter.

About Onestream

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.