The Goldman Sachs Group Cuts Onestream (NASDAQ:OS) Price Target to $31.00

Onestream (NASDAQ:OS) had its price target cut by The Goldman Sachs Group from $36.00 to $31.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of Onestream in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Finally, Morgan Stanley reduced their price target on shares of Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.37.

Onestream Trading Down 5.5 %

Shares of OS opened at $21.95 on Friday. The business’s 50-day moving average is $25.37 and its 200-day moving average is $28.64. Onestream has a fifty-two week low of $20.00 and a fifty-two week high of $35.39.

Onestream (NASDAQ:OS) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Sell-side analysts predict that Onestream will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Onestream

A number of large investors have recently made changes to their positions in OS. California State Teachers Retirement System bought a new position in Onestream during the 4th quarter worth about $957,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Onestream during the 4th quarter worth approximately $1,234,000. Woodline Partners LP raised its holdings in shares of Onestream by 1.1% in the fourth quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock valued at $3,819,000 after purchasing an additional 1,515 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Onestream by 20.3% in the fourth quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock worth $254,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Seven Grand Managers LLC grew its position in Onestream by 50.0% in the fourth quarter. Seven Grand Managers LLC now owns 300,000 shares of the company’s stock valued at $8,556,000 after purchasing an additional 100,000 shares in the last quarter.

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.