Citigroup Has Lowered Expectations for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its price target reduced by Citigroup from $36.00 to $32.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on OS. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday. The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Wedbush started coverage on Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective on the stock. Raymond James boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price target on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $35.72.

Onestream Trading Up 3.1 %

Shares of NASDAQ:OS opened at $28.79 on Thursday. The firm has a fifty day moving average of $29.90. Onestream has a 52-week low of $24.50 and a 52-week high of $35.39.

Insider Buying and Selling at Onestream

In other Onestream news, President Craig Colby sold 280,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William A. Koefoed sold 13,765 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,699,787 shares of company stock worth $230,912,230.

Hedge Funds Weigh In On Onestream

Several hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in shares of Onestream during the 3rd quarter worth $27,000. Point72 Asset Management L.P. acquired a new stake in Onestream during the 3rd quarter worth about $77,000. RiverPark Advisors LLC purchased a new position in Onestream during the third quarter valued at approximately $92,000. Moody National Bank Trust Division purchased a new position in shares of Onestream during the 4th quarter valued at $200,000. Finally, HighTower Advisors LLC purchased a new position in Onestream in the third quarter valued at about $222,000.

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.