Onestream (NASDAQ:OS) Hits New 1-Year Low – Here’s What Happened

Onestream, Inc. (NASDAQ:OS)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.46 and last traded at $21.38, with a volume of 412059 shares trading hands. The stock had previously closed at $22.27.

Wall Street Analyst Weigh In

Several research firms have commented on OS. Guggenheim restated a “buy” rating and issued a $35.00 target price on shares of Onestream in a research note on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on shares of Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 target price for the company. Wedbush began coverage on shares of Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 target price for the company. JPMorgan Chase & Co. downgraded shares of Onestream from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $26.00 in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and an average price target of $35.11.

Onestream Stock Down 3.2 %

The business has a 50 day moving average of $26.77 and a two-hundred day moving average of $29.31.

Onestream (NASDAQ:OS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, equities analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Craig Colby sold 280,000 shares of Onestream stock in a transaction dated Friday, December 13th. The stock was 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 313,765 shares of company stock worth $9,247,850 over the last three months.

Hedge Funds Weigh In On Onestream

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