Onestream (NASDAQ:OS) Price Target Lowered to $34.00 at BMO Capital Markets

Onestream (NASDAQ:OS) had its price target cut by equities research analysts at BMO Capital Markets from $38.00 to $34.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 51.17% from the stock’s current price.

OS has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $26.00 in a report on Wednesday. Robert W. Baird raised their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Piper Sandler raised their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Wedbush initiated coverage on shares of Onestream in a report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.28.

Onestream Price Performance

Onestream stock traded down $7.69 during mid-day trading on Wednesday, reaching $22.49. The company had a trading volume of 3,324,659 shares, compared to its average volume of 1,213,021. Onestream has a 52 week low of $21.75 and a 52 week high of $35.39. The company has a 50 day moving average of $29.19 and a 200-day moving average of $29.93.

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

Insider Buying and Selling at Onestream

In other Onestream news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm’s stock in a transaction dated 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. In the last 90 days, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Onestream in the 4th quarter valued at about $119,214,000. Vanguard Group Inc. boosted its stake in shares of Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock valued at $106,852,000 after purchasing an additional 1,268,733 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Onestream by 5.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,103,806 shares of the company’s stock valued at $60,001,000 after purchasing an additional 105,403 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Onestream by 5,118.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock valued at $45,543,000 after purchasing an additional 1,566,276 shares during the last quarter. Finally, Temasek Holdings Private Ltd bought a new position in shares of Onestream in the 3rd quarter valued at about $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.