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

JPMorgan Chase & Co. cut shares of Onestream (NASDAQ:OS - Free Report) from an overweight rating to a neutral rating in a research note released on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $26.00 price objective on the stock, down from their previous price objective of $30.00.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upgraded 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. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They set a "buy" rating and a $37.00 target price on the stock. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price on the stock. Citigroup reduced their target price on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler raised 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. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.11.

Onestream Price Performance

Onestream stock traded up $1.11 during mid-day trading on Wednesday, hitting $25.57. The stock had a trading volume of 2,386,269 shares, compared to its average volume of 1,039,494. The stock has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $29.83. Onestream has a 12 month low of $21.75 and a 12 month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly 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. As a group, research analysts anticipate that Onestream will post 0.04 earnings per share for the current year.

Insider Transactions at Onestream

In related news, Director Michael Burkland sold 9,541 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total transaction of $295,771.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $412,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OS. Renaissance Capital LLC acquired a new stake in shares of Onestream during the 3rd quarter worth $1,032,000. Geode Capital Management LLC acquired a new stake in shares of Onestream during the 3rd quarter worth $10,331,000. US Bancorp DE acquired a new stake in shares of Onestream during the 3rd quarter worth $569,000. Diversified Trust Co acquired a new stake in shares of Onestream during the 4th quarter worth $1,004,000. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of Onestream during the 3rd quarter worth $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.