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

Onestream (NASDAQ:OS) had its price target trimmed by BMO Capital Markets from $38.00 to $34.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently weighed in on OS. Citigroup reduced their price target on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Raymond James raised their target price on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group assumed coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target for the company. Scotiabank raised their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered 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 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’s stock. According to data from MarketBeat.com, Onestream currently has an average rating of “Moderate Buy” and a consensus target price of $35.11.

Onestream Price Performance

OS stock opened at $25.57 on Wednesday. The company’s 50-day simple moving average is $28.81 and its 200-day simple moving average is $29.83. Onestream has a 52-week low of $21.75 and a 52-week high of $35.39.

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

Insider Buying and Selling

In other Onestream news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.00, for a total transaction of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of Onestream 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. Over the last ninety days, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OS. Renaissance Capital LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $1,032,000. Seven Grand Managers LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $6,780,000. Precision Wealth Strategies LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $338,000. Dakota Wealth Management acquired a new position in shares of Onestream in the third quarter valued at approximately $2,412,000. Finally, US Bancorp DE acquired a new position in shares of Onestream in the third quarter valued at approximately $569,000.

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.