Onestream (NASDAQ:OS) Hits New 12-Month Low – Should You Sell?

Onestream, Inc. (NASDAQ:OS)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OS shares. JPMorgan Chase & Co. downgraded Onestream from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $26.00 in a report on Wednesday. Wedbush started coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target on the stock. The Goldman Sachs Group began coverage on Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Robert W. Baird lifted their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.50.

Onestream Stock Down 25.5 %

The firm’s 50-day moving average is $29.19 and its two-hundred day moving average is $29.93.

Onestream (NASDAQ:OS) last released its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. On average, analysts expect that Onestream, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Onestream

In related news, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction on Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,709,787 shares of company stock worth $231,177,930.

Institutional Inflows and Outflows

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