The Goldman Sachs Group Cuts Onestream (NASDAQ:OS) Price Target to $31.00

Onestream (NASDAQ:OS - Free Report) had its price target cut by The Goldman Sachs Group from $36.00 to $31.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the stock. Stephens assumed coverage on shares of Onestream in a report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 price objective on the stock. BMO Capital Markets lowered their price target on Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on Onestream from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. Finally, Citigroup cut their price target on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.37.

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Onestream Stock Up 3.7 %

Shares of OS stock traded up $0.80 during trading on Friday, hitting $22.14. 922,110 shares of the stock traded hands, compared to its average volume of 1,176,355. Onestream has a 52-week low of $20.00 and a 52-week high of $35.39. The firm's fifty day moving average price is $25.22 and its 200-day moving average price is $28.58.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data 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. On average, equities research analysts anticipate that Onestream will post 0.05 EPS for the current year.

Insiders Place Their Bets

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Onestream

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in Onestream during the third quarter worth about $77,000. SG Americas Securities LLC bought a new stake in shares of Onestream during the 4th quarter worth $166,000. IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter valued at approximately $168,000. Moody National Bank Trust Division acquired a new position in shares of Onestream during the fourth quarter valued at about $200,000. Finally, PNC Financial Services Group Inc. increased its holdings in Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after buying an additional 2,600 shares during the period.

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.