Onestream, Inc. (NASDAQ:OS - Get Free Report) reached a new 52-week low during trading on Wednesday after Morgan Stanley lowered their price target on the stock from $37.00 to $34.00. Morgan Stanley currently has an overweight rating on the stock. Onestream traded as low as $23.99 and last traded at $22.61, with a volume of 84580 shares. The stock had previously closed at $30.18.
A number of other research analysts have also recently commented on OS. The Goldman Sachs Group began coverage on Onestream in a report on Wednesday, December 11th. They issued a "buy" rating and a $37.00 price target on the stock. Raymond James upped their price objective on Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Citigroup decreased their price objective on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Robert W. Baird upped their price objective on Onestream from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. Two investment 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.11.
Get Our Latest Analysis on OS
Insider Buying and Selling
In related news, President Craig Colby sold 280,000 shares of the business's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company's stock in a transaction that occurred on 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. Insiders 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 hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Onestream in the fourth quarter worth $119,214,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Onestream by 3.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,784,963 shares of the company's stock worth $107,948,000 after acquiring an additional 115,176 shares during the period. Vanguard Group Inc. increased its stake in shares of Onestream by 51.2% in the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock worth $106,852,000 after acquiring an additional 1,268,733 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Onestream in the fourth quarter worth $98,076,000. Finally, Alliancebernstein L.P. increased its stake in shares of Onestream by 122.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the period.
Onestream Trading Up 4.5 %
The stock's fifty day moving average is $28.81 and its 200-day moving average is $29.85.
Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. As a group, analysts anticipate that Onestream, Inc. will post 0.04 EPS for the current fiscal year.
About Onestream
(
Get Free Report)
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.
Further Reading
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