Onestream (NASDAQ:OS) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Onestream (NASDAQ:OS) from an overweight rating to a neutral rating in a report published on Wednesday, Marketbeat reports. They currently have $26.00 price objective on the stock, down from their previous price objective of $30.00.

Several other brokerages also recently commented on OS. Needham & Company LLC boosted their target price on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group initiated coverage on Onestream in a research note on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective on the stock. Robert W. Baird raised their target price on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. 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. Finally, Scotiabank increased their price objective 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. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.28.

Onestream Price Performance

Shares of NASDAQ OS opened at $24.17 on Wednesday. Onestream has a 52-week low of $21.75 and a 52-week high of $35.39. The business has a fifty day moving average of $29.04 and a two-hundred day moving average of $29.89.

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

Insider Activity

In other Onestream news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $29.99, for a total value of $191,228,565.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,709,787 shares of company stock valued at $231,177,930 in the last 90 days.

Institutional Trading of Onestream

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Onestream during the 4th quarter worth approximately $119,214,000. TimesSquare Capital Management LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $67,746,000. JPMorgan Chase & Co. increased its position in shares of Onestream by 5,118.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Onestream by 122.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. lifted its position in 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 acquiring an additional 1,268,733 shares in the last quarter.

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.