Onestream (NASDAQ:OS) Hits New 52-Week Low – Time to Sell?

Onestream, Inc. (NASDAQ:OS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.99 and last traded at $22.61, with a volume of 84580 shares trading hands. The stock had previously closed at $30.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OS shares. Piper Sandler upped their price target on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Scotiabank boosted their price objective on shares of Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. Citigroup cut their price target on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Raymond James raised their price objective on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.50.

Onestream Stock Down 25.5 %

The business has a 50 day moving average of $29.19 and a two-hundred day moving average of $29.93.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, equities analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Onestream

In related news, Director Michael Burkland sold 63,608 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $31.00, for a total value of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value 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 three months.

Institutional Trading of Onestream

A number of institutional investors have recently modified their holdings of the stock. Precision Wealth Strategies LLC increased its stake in Onestream by 4.9% in the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock valued at $298,000 after acquiring an additional 484 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter valued at $27,000. Point72 Asset Management L.P. bought a new position in shares of Onestream in the 3rd quarter valued at $77,000. PNC Financial Services Group Inc. raised its holdings in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock worth $202,000 after buying an additional 2,600 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new stake in shares of Onestream during the 3rd quarter worth $92,000.

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.