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

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

Several other equities research analysts have also issued reports on OS. Piper Sandler lifted their price target on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Wedbush assumed coverage on Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target for the company. Citigroup reduced their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Needham & Company LLC lifted their price target on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group assumed coverage on Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Onestream has an average rating of “Moderate Buy” and an average price target of $35.50.

Onestream Price Performance

Shares of OS opened at $30.18 on Wednesday. The business’s 50-day moving average price is $29.19 and its 200 day moving average price is $29.93. Onestream has a 1-year low of $24.50 and a 1-year high of $35.39.

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

Insiders Place Their Bets

In other news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. 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 three months.

Institutional Trading of Onestream

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Capital LLC bought a new stake in Onestream in the third quarter valued at $1,032,000. Geode Capital Management LLC bought a new stake in Onestream in the third quarter valued at $10,331,000. US Bancorp DE bought a new stake in Onestream in the third quarter valued at $569,000. Diversified Trust Co bought a new stake in Onestream in the fourth quarter valued at $1,004,000. Finally, Temasek Holdings Private Ltd bought a new stake in Onestream in the third quarter valued at $37,290,000.

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.