Onestream (NASDAQ:OS) Hits New 1-Year Low - Here's Why

Onestream, Inc. (NASDAQ:OS - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $21.69 and last traded at $22.03, with a volume of 190485 shares. The stock had previously closed at $22.69.

Wall Street Analyst Weigh In

Several research firms have commented on OS. Morgan Stanley lowered their price target on shares of Onestream from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Scotiabank boosted 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. Raymond James boosted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Finally, Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Onestream has an average rating of "Moderate Buy" and a consensus price target of $35.11.

Onestream Price Performance

The firm's 50-day moving average is $27.17 and its 200 day moving average is $29.47.

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Onestream (NASDAQ:OS - Get Free Report) last released 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, equities analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling at Onestream

In other news, President Craig Colby sold 280,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,765 shares of company stock valued at $9,247,850.

Institutional Investors Weigh In On Onestream

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Onestream in the 4th quarter valued at about $119,214,000. T. Rowe Price Investment Management Inc. lifted its holdings in Onestream by 3.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock valued at $107,948,000 after purchasing an additional 115,176 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 1,268,733 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in Onestream in the 4th quarter valued at about $98,076,000. Finally, Alliancebernstein L.P. lifted its holdings in Onestream by 122.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock valued at $70,321,000 after purchasing an additional 1,357,860 shares in the last quarter.

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.