Piper Sandler Cuts Onestream (NASDAQ:OS) Price Target to $24.00

Onestream (NASDAQ:OS) had its price objective reduced by Piper Sandler from $37.00 to $24.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently weighed in on OS. Truist Financial dropped their target price on shares of Onestream from $37.00 to $27.00 and set a “buy” rating for the company in a report on Monday, April 7th. The Goldman Sachs Group reduced their price objective on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Stephens began coverage on Onestream in a report on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 target price on the stock. BNP Paribas assumed coverage on shares of Onestream in a research report on Tuesday. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Onestream in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Onestream Stock Up 0.1 %

Shares of OS stock opened at $21.29 on Wednesday. Onestream has a 1-year low of $16.69 and a 1-year high of $35.39. The stock’s 50-day moving average is $21.53 and its 200 day moving average is $26.88.

Onestream (NASDAQ:OS) last announced its quarterly earnings results 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, analysts forecast that Onestream will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total value of $250,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kinzer sold 40,000 shares of the firm’s 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. Company insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently bought and sold shares of OS. Diversified Trust Co grew its holdings in shares of Onestream by 19.4% during the first quarter. Diversified Trust Co now owns 42,025 shares of the company’s stock worth $897,000 after purchasing an additional 6,825 shares in the last quarter. Bessemer Group Inc. lifted its stake in Onestream by 20.1% in the first quarter. Bessemer Group Inc. now owns 64,893 shares of the company’s stock worth $1,385,000 after acquiring an additional 10,883 shares during the period. Blue Trust Inc. boosted its position in shares of Onestream by 4,980.0% during the first quarter. Blue Trust Inc. now owns 10,160 shares of the company’s stock valued at $217,000 after purchasing an additional 9,960 shares in the last quarter. Precision Wealth Strategies LLC increased its stake in shares of Onestream by 37.9% during the first quarter. Precision Wealth Strategies LLC now owns 14,414 shares of the company’s stock valued at $308,000 after purchasing an additional 3,963 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Onestream by 98.4% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 52,867 shares of the company’s stock worth $1,128,000 after purchasing an additional 26,223 shares during the last quarter.

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.