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

Onestream (NASDAQ:OS) had its price objective dropped by stock analysts at BMO Capital Markets from $38.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 51.17% from the stock’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird boosted their price target on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Morgan Stanley upgraded shares of Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 16th. 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 report on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $26.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.28.

Onestream Stock Down 25.5 %

Shares of OS stock traded down $7.69 during midday trading on Wednesday, reaching $22.49. 3,324,659 shares of the company were exchanged, compared to its average volume of 1,213,021. Onestream has a 12 month low of $21.75 and a 12 month high of $35.39. The company’s 50 day moving average price is $29.19 and its two-hundred day moving average price is $29.93.

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

Insider Activity at Onestream

In other Onestream news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.00, for a total value of $1,971,848.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,709,787 shares of company stock valued at $231,177,930.

Institutional Trading of Onestream

Large investors have recently added to or reduced their stakes in the business. Renaissance Capital LLC bought a new stake in Onestream in the third quarter worth approximately $1,032,000. Geode Capital Management LLC bought a new stake in Onestream in the third quarter worth approximately $10,331,000. US Bancorp DE bought a new stake in Onestream in the third quarter worth approximately $569,000. Diversified Trust Co bought a new stake in Onestream in the fourth quarter worth approximately $1,004,000. Finally, Temasek Holdings Private Ltd bought a new stake in Onestream in the third quarter worth approximately $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.