Onestream (NASDAQ:OS) Price Target Lowered to $34.00 at Morgan Stanley

Onestream (NASDAQ:OS) had its price objective trimmed by Morgan Stanley from $37.00 to $34.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

OS has been the subject of several other research reports. The Goldman Sachs Group assumed coverage on shares of Onestream in a research report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Onestream in a research report on Wednesday. JPMorgan Chase & Co. cut shares of Onestream from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $26.00 in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $35.00 price target on shares of Onestream in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average target price of $35.11.

Onestream Stock Up 4.5 %

Shares of NASDAQ:OS opened at $25.57 on Friday. Onestream has a fifty-two week low of $21.75 and a fifty-two week high of $35.39. The firm has a 50-day simple moving average of $28.81 and a 200 day simple moving average of $29.83.

Onestream (NASDAQ:OS) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, analysts expect that Onestream will post 0.04 EPS for the current fiscal year.

Insider Activity at Onestream

In related news, President Craig Colby sold 280,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.99, for a total transaction of $191,228,565.89. 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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC bought a new position in shares of Onestream during the 3rd quarter valued at $338,000. Dakota Wealth Management bought a new position in shares of Onestream during the 3rd quarter valued at $2,412,000. US Bancorp DE bought a new position in shares of Onestream during the 3rd quarter valued at $569,000. Harbor Capital Advisors Inc. bought a new position in Onestream in the 3rd quarter worth $1,417,000. Finally, Portside Wealth Group LLC bought a new position in Onestream in the 3rd quarter worth $593,000.

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.