Citigroup Cuts Onestream (NASDAQ:OS) Price Target to $32.00

Onestream (NASDAQ:OS) had its price objective lowered by Citigroup from $36.00 to $32.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on OS. Needham & Company LLC lifted 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. BMO Capital Markets started coverage on shares of Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target on the stock. Wedbush started coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Piper Sandler raised their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Morgan Stanley raised Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Onestream presently has a consensus rating of “Buy” and a consensus price target of $35.72.

Onestream Stock Performance

Shares of OS stock opened at $28.64 on Thursday. The company’s 50-day moving average is $29.83. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39.

Insider Transactions at Onestream

In other 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Burkland sold 9,541 shares of the stock in a transaction that occurred on 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. Insiders have sold 7,709,787 shares of company stock valued at $231,177,930 in the last 90 days.

Hedge Funds Weigh In On Onestream

A number of large investors have recently added to or reduced their stakes in OS. Renaissance Capital LLC acquired a new position in shares of Onestream during the third quarter valued at approximately $1,032,000. Geode Capital Management LLC acquired a new position in Onestream in the 3rd quarter valued at $10,331,000. US Bancorp DE purchased a new position in Onestream in the 3rd quarter valued at $569,000. Diversified Trust Co acquired a new stake in Onestream during the 4th quarter worth $1,004,000. Finally, Temasek Holdings Private Ltd purchased a new stake in shares of Onestream during the third quarter worth $37,290,000.

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.