BMO Capital Markets Cuts Onestream (NASDAQ:OS) Price Target to $34.00

Onestream (NASDAQ:OS) had its target price reduced by BMO Capital Markets from $38.00 to $34.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also commented on OS. Piper Sandler lifted their price target on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of Onestream in a research report on Wednesday. Raymond James boosted their target price on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup dropped their target price on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Onestream in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.11.

Onestream Stock Up 4.5 %

Shares of OS stock opened at $25.57 on Wednesday. Onestream has a 12-month low of $21.75 and a 12-month high of $35.39. The stock’s 50-day moving average price is $28.81 and its 200-day moving average price is $29.83.

Onestream (NASDAQ:OS) last released its quarterly 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. Equities research analysts predict that Onestream will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Burkland sold 63,608 shares of the company’s 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 filing with the SEC, which is available through this hyperlink. 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 value of $412,950.00. The disclosure for this sale can be found here. Insiders sold 7,709,787 shares of company stock valued at $231,177,930 over the last 90 days.

Hedge Funds Weigh In On Onestream

Large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in shares of Onestream during the third quarter valued at $27,000. Point72 Asset Management L.P. purchased a new stake in Onestream in the third quarter valued at $77,000. RiverPark Advisors LLC purchased a new stake in Onestream in the third quarter valued at $92,000. SG Americas Securities LLC purchased a new stake in Onestream in the fourth quarter valued at $166,000. Finally, IFP Advisors Inc purchased a new stake in Onestream in the fourth quarter valued at $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.