Onestream (NASDAQ:OS) Sets New 12-Month Low After Analyst Downgrade

Shares of Onestream, Inc. (NASDAQ:OS) hit a new 52-week low during trading 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. The stock had previously closed at $30.18.

Several other brokerages have also recently weighed in on OS. Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of Onestream in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Raymond James upped 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. Robert W. Baird lifted their target price on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and cut their price target for the company from $30.00 to $26.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Onestream currently has an average rating of “Moderate Buy” and a consensus target price of $35.28.

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream stock in a transaction that occurred on 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 have sold a total of 7,709,787 shares of company stock valued at $231,177,930 in the last quarter.

Institutional Trading of Onestream

A number of institutional investors have recently bought and sold shares of OS. Precision Wealth Strategies LLC boosted its position in shares of Onestream by 4.9% during the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock valued at $298,000 after buying an additional 484 shares during the period. First Horizon Advisors Inc. purchased a new position in Onestream during the 3rd quarter valued at $27,000. Franklin Resources Inc. grew its position in Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after acquiring an additional 1,238 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Onestream in the third quarter worth $77,000. Finally, PNC Financial Services Group Inc. increased its stake in Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after purchasing an additional 2,600 shares during the period.

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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. On average, equities research analysts predict that Onestream, Inc. will post 0.04 EPS for the current year.

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.