Onestream (NASDAQ:OS) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Onestream (NASDAQ:OS) posted its earnings results on Tuesday. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05, Zacks reports.

Onestream Stock Performance

Shares of OS stock traded up $0.06 during mid-day trading on Tuesday, hitting $30.18. 2,349,258 shares of the stock traded hands, compared to its average volume of 1,155,582. The stock’s fifty day moving average is $29.22 and its two-hundred day moving average is $29.91. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OS. Raymond James lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank boosted their price objective on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price for the company in a report on Thursday, January 16th. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Robert W. Baird raised their target price on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $35.72.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total value of $191,228,565.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Insiders sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last 90 days.

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.