Onestream (NASDAQ:OS) Issues Quarterly Earnings Results

Onestream (NASDAQ:OS) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05, Zacks reports.

Onestream Price Performance

OS stock traded up $0.06 during midday trading on Tuesday, hitting $30.18. 2,344,107 shares of the company’s stock were exchanged, compared to its average volume of 1,147,728. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39. The business has a 50-day simple moving average of $29.22 and a two-hundred day simple moving average of $29.91.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OS. The Goldman Sachs Group began coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank upped their price target on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Citigroup reduced their price target on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Raymond James upped their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $35.72.

Insider Activity

In related news, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

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.