Onestream (NASDAQ:OS) Cut to Neutral at JPMorgan Chase & Co.

Onestream (NASDAQ:OS) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a $26.00 price objective on the stock, down from their prior price objective of $30.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 6.30% from the company’s previous close.

Several other brokerages have also commented on OS. Raymond James lifted their price objective 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. Citigroup decreased their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Needham & Company LLC upped their price target on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group began coverage on Onestream in a research note on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target for the company. Finally, Piper Sandler boosted their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Onestream presently has an average rating of “Moderate Buy” and an average price target of $35.28.

Onestream Stock Up 1.2 %

Shares of OS stock opened at $24.46 on Wednesday. Onestream has a 52-week low of $21.75 and a 52-week high of $35.39. The company has a 50-day simple moving average of $28.91 and a two-hundred day simple moving average of $29.85.

Onestream (NASDAQ:OS) last released its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Equities research analysts predict that Onestream will post 0.04 earnings per share for the current year.

Insider Transactions at Onestream

In related news, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new stake in Onestream during the fourth quarter worth about $98,076,000. Marshall Wace LLP raised its holdings in shares of Onestream by 227.8% during the 4th quarter. Marshall Wace LLP now owns 452,090 shares of the company’s stock valued at $12,894,000 after buying an additional 314,172 shares in the last quarter. Jump Financial LLC bought a new stake in Onestream in the 4th quarter worth approximately $766,000. Walleye Capital LLC purchased a new stake in Onestream in the fourth quarter worth approximately $4,535,000. Finally, Cohen & Steers Inc. bought a new position in Onestream during the fourth quarter valued at approximately $570,000.

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.