Onestream (NASDAQ:OS) Given New $27.00 Price Target at Morgan Stanley

Onestream (NASDAQ:OS) had its target price lowered by analysts at Morgan Stanley from $34.00 to $27.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 37.33% from the stock’s current price.

A number of other equities analysts have also recently issued reports on OS. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Truist Financial cut their price target on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Stephens assumed coverage on Onestream in a report on Wednesday, March 19th. They set an “overweight” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $26.00 in a research report on Wednesday, February 12th. Finally, Wedbush assumed coverage on shares of Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target for the company. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.47.

Onestream Stock Up 1.3 %

Shares of Onestream stock opened at $19.66 on Wednesday. The company has a 50 day moving average of $22.22 and a 200-day moving average of $27.35. Onestream has a 1-year low of $16.69 and a 1-year high of $35.39.

Onestream (NASDAQ:OS) last posted 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, equities analysts forecast that Onestream will post 0.05 earnings per share for the current year.

Insider Activity

In related news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Kinzer sold 40,000 shares of the stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $20.28, for a total value of $811,200.00. The disclosure for this sale can be found here.

Institutional Investors Weigh In On Onestream

Several large investors have recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC boosted its holdings in shares of Onestream by 4.9% in the fourth quarter. Precision Wealth Strategies LLC now owns 10,451 shares of the company’s stock worth $298,000 after acquiring an additional 484 shares during the period. Franklin Resources Inc. boosted its stake in Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock worth $2,972,000 after purchasing an additional 1,238 shares during the period. Two Sigma Advisers LP grew its holdings in Onestream by 20.3% during the 4th quarter. Two Sigma Advisers LP now owns 8,900 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares in the last quarter. Woodline Partners LP increased its position in shares of Onestream by 1.1% during the fourth quarter. Woodline Partners LP now owns 133,900 shares of the company’s stock valued at $3,819,000 after buying an additional 1,515 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Onestream in the first quarter worth about $35,000.

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.