Onestream (NASDAQ:OS) Hits New 1-Year Low Following Analyst Downgrade

Shares of Onestream, Inc. (NASDAQ:OS) hit a new 52-week low on Wednesday after BMO Capital Markets lowered their price target on the stock from $38.00 to $34.00. BMO Capital Markets currently has an outperform rating on the stock. Onestream traded as low as $23.99 and last traded at $22.61, with a volume of 84580 shares trading hands. The stock had previously closed at $30.18.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird upped their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Citigroup dropped their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Raymond James raised their price objective on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Scotiabank raised their price target on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.28.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Burkland sold 9,541 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total value of $295,771.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,709,787 shares of company stock valued at $231,177,930.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Onestream during the 4th quarter worth $119,214,000. Champlain Investment Partners LLC purchased a new position in Onestream in the fourth quarter valued at about $98,076,000. TimesSquare Capital Management LLC acquired a new stake in shares of Onestream during the third quarter valued at about $67,746,000. JPMorgan Chase & Co. grew its stake in shares of Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock valued at $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after acquiring an additional 1,357,860 shares in the last quarter.

Onestream Stock Performance

The firm has a 50 day moving average price of $28.91 and a two-hundred day moving average price of $29.85.

Onestream (NASDAQ:OS) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Sell-side analysts predict that Onestream, Inc. will post 0.04 EPS for the current fiscal year.

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.