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

Onestream, Inc. (NASDAQ:OS)’s stock price reached 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 changing hands. The stock had previously closed at $30.18.

OS has been the subject of several other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Onestream in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday. Scotiabank lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Wedbush assumed coverage on shares of Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Morgan Stanley raised shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to 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, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. The disclosure for this sale can be found here. Insiders sold a total of 7,709,787 shares of company stock valued at $231,177,930 in the last ninety days.

Institutional Trading of Onestream

Several large investors have recently modified their holdings of the stock. Seven Grand Managers LLC bought a new position in Onestream during the 3rd quarter valued at $6,780,000. Precision Wealth Strategies LLC bought a new stake in Onestream in the 3rd quarter valued at about $338,000. Dakota Wealth Management bought a new stake in Onestream in the 3rd quarter valued at about $2,412,000. US Bancorp DE purchased a new position in Onestream during the 3rd quarter valued at about $569,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Onestream during the 3rd quarter valued at about $1,417,000.

Onestream Trading Up 1.2 %

The stock has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $29.85.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, equities research analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current fiscal 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.