Onestream (NASDAQ:OS) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. lowered shares of Onestream (NASDAQ:OS) from an overweight rating to a neutral rating in a research report report published on Wednesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $26.00 price target on the stock, down from their prior price target of $30.00.

A number of other brokerages have also issued reports on OS. Raymond James lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 target price on the stock. Citigroup dropped their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler lifted their price target on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.28.

Onestream Trading Down 19.9 %

NASDAQ OS opened at $24.17 on Wednesday. The firm’s 50 day moving average price is $29.04 and its two-hundred day moving average price is $29.89. Onestream has a twelve month low of $21.75 and a twelve month high of $35.39.

Onestream (NASDAQ:OS) last issued 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. Sell-side analysts forecast that Onestream will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 13,765 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $30.00, for a total value of $412,950.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 7,709,787 shares of company stock worth $231,177,930 over the last ninety days.

Institutional Investors Weigh In On Onestream

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in Onestream in the third quarter worth $27,000. Point72 Asset Management L.P. bought a new stake in Onestream in the 3rd quarter valued at $77,000. RiverPark Advisors LLC acquired a new position in shares of Onestream in the 3rd quarter valued at $92,000. SG Americas Securities LLC bought a new position in shares of Onestream during the 4th quarter worth about $166,000. Finally, IFP Advisors Inc acquired a new stake in shares of Onestream during the 4th quarter valued at about $168,000.

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.