Onestream (NASDAQ:OS) Hits New 52-Week Low Following Analyst Downgrade

Onestream, Inc. (NASDAQ:OS)’s stock price reached a new 52-week low 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. The stock had previously closed at $30.18.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group began coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price on the stock. Raymond James lifted their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush began coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and an average price target of $35.28.

Insiders Place Their Bets

In other news, President Craig Colby sold 280,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Trading of Onestream

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new stake in Onestream during the third quarter worth $27,000. Point72 Asset Management L.P. acquired a new position in shares of Onestream in the third quarter worth about $77,000. RiverPark Advisors LLC purchased a new stake in shares of Onestream during the 3rd quarter worth about $92,000. SG Americas Securities LLC acquired a new stake in shares of Onestream during the 4th quarter valued at about $166,000. Finally, IFP Advisors Inc purchased a new position in shares of Onestream in the 4th quarter valued at about $168,000.

Onestream Stock Up 1.2 %

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

Onestream (NASDAQ:OS) last announced its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. Analysts forecast 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.