Onestream (NASDAQ:OS) Price Target Cut to $34.00 by Analysts at Morgan Stanley

Onestream (NASDAQ:OS) had its price objective decreased by equities research analysts at Morgan Stanley from $37.00 to $34.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 32.97% from the stock’s previous close.

Several other brokerages have also issued reports on OS. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Onestream in a research report on Wednesday. Piper Sandler raised their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Guggenheim reissued a “buy” rating and set a $35.00 target price on shares of Onestream in a research report on Wednesday. The Goldman Sachs Group assumed coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Scotiabank increased their price objective on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.11.

Onestream Trading Up 4.5 %

Shares of OS stock opened at $25.57 on Friday. The firm has a 50-day moving average of $28.81 and a 200-day moving average of $29.85. Onestream has a one year low of $21.75 and a one year high of $35.39.

Onestream (NASDAQ:OS) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, sell-side analysts forecast that Onestream will post 0.04 EPS for the current year.

Insider Activity

In other news, President Craig Colby sold 280,000 shares of Onestream 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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 90 days, insiders sold 7,709,787 shares of company stock worth $231,177,930.

Institutional Trading of Onestream

A number of hedge funds have recently bought and sold shares of the company. Unisphere Establishment raised its position in Onestream by 16.6% in the 4th quarter. Unisphere Establishment now owns 260,000 shares of the company’s stock worth $7,415,000 after purchasing an additional 37,000 shares during the period. Comerica Bank lifted its stake in shares of Onestream by 55.5% in the 4th quarter. Comerica Bank now owns 67,600 shares of the company’s stock valued at $1,928,000 after acquiring an additional 24,120 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Onestream during the 4th quarter valued at about $1,247,000. Soros Fund Management LLC grew its position in Onestream by 25.0% during the 4th quarter. Soros Fund Management LLC now owns 1,250,000 shares of the company’s stock worth $35,650,000 after acquiring an additional 250,000 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in Onestream in the 4th quarter worth approximately $2,037,000.

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.