JPMorgan Chase & Co. Downgrades Onestream (NASDAQ:OS) to Neutral

Onestream (NASDAQ:OS) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $26.00 price target on the stock, down from their previous price target of $30.00. JPMorgan Chase & Co.‘s target price indicates a potential downside of 13.85% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 16th. Raymond James upped their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Citigroup cut their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird upped their price target on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Scotiabank upped their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Onestream currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Onestream Price Performance

Onestream stock opened at $30.18 on Wednesday. The business’s fifty day moving average is $29.19 and its two-hundred day moving average is $29.93. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. On average, equities analysts expect that Onestream will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Craig Colby sold 280,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the 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 disclosure for this sale can be found here. Insiders sold 7,709,787 shares of company stock worth $231,177,930 over the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Renaissance Capital LLC acquired a new position in Onestream during the third quarter valued at approximately $1,032,000. Seven Grand Managers LLC acquired a new stake in shares of Onestream in the third quarter valued at approximately $6,780,000. Precision Wealth Strategies LLC acquired a new stake in shares of Onestream in the third quarter valued at approximately $338,000. Dakota Wealth Management acquired a new stake in shares of Onestream in the third quarter valued at approximately $2,412,000. Finally, US Bancorp DE acquired a new stake in shares of Onestream in the third quarter valued at approximately $569,000.

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.