Morgan Stanley Cuts Onestream (NASDAQ:OS) Price Target to $34.00

Onestream (NASDAQ:OS - Free Report) had its target price reduced by Morgan Stanley from $37.00 to $34.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

OS has been the subject of a number of other reports. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on Onestream from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Scotiabank upped their price target 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. The Goldman Sachs Group assumed coverage on shares of Onestream in a research note on Wednesday, December 11th. They issued a "buy" rating and a $37.00 price target on the stock. Finally, Raymond James boosted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Two equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

Onestream Trading Down 1.4 %

OS stock traded down $0.35 during mid-day trading on Friday, reaching $25.22. 1,960,302 shares of the stock traded hands, compared to its average volume of 1,613,010. Onestream has a one year low of $21.75 and a one year high of $35.39. The business has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $29.83.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. As a group, analysts anticipate that Onestream will post 0.04 earnings per share for the current year.

Insider Transactions at Onestream

In other Onestream news, CFO William A. Koefoed sold 13,765 shares of Onestream stock in a transaction on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 956,462 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $29.99, for a total transaction of $28,684,295.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,269,768 shares of company stock valued at $37,977,516.

Hedge Funds Weigh In On Onestream

A number of large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new position in Onestream during the third quarter worth $27,000. Point72 Asset Management L.P. purchased a new stake in shares of Onestream during the third quarter worth about $77,000. RiverPark Advisors LLC acquired a new position in shares of Onestream during the 3rd quarter worth about $92,000. SG Americas Securities LLC purchased a new position in Onestream in the 4th quarter valued at about $166,000. Finally, IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter worth about $168,000.

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.