BMO Capital Markets Issues Pessimistic Forecast for Onestream (NASDAQ:OS) Stock Price

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

Several other research analysts have also recently issued reports on OS. 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. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Thursday, January 16th. Piper Sandler upped their target price on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Onestream in a report on Wednesday. Finally, Raymond James boosted their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.28.

Onestream Price Performance

Shares of OS stock opened at $24.17 on Wednesday. Onestream has a fifty-two week low of $21.75 and a fifty-two week high of $35.39. The stock’s 50-day simple moving average is $29.04 and its 200-day simple moving average is $29.89.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. As a group, equities analysts predict that Onestream will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Burkland sold 9,541 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $265,700.00. The disclosure for this sale can be found here. Insiders sold a total of 7,709,787 shares of company stock worth $231,177,930 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ExodusPoint Capital Management LP purchased a new stake in shares of Onestream in the fourth quarter valued at about $270,000. Massachusetts Financial Services Co. MA boosted its holdings in Onestream by 8.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,817 shares of the company’s stock valued at $24,180,000 after purchasing an additional 66,325 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Onestream by 52.0% in the 4th quarter. Geode Capital Management LLC now owns 462,967 shares of the company’s stock valued at $13,211,000 after purchasing an additional 158,344 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Onestream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company’s stock valued at $2,972,000 after buying an additional 1,238 shares during the period. Finally, Scalar Gauge Management LLC acquired a new stake in shares of Onestream during the 4th quarter worth approximately $2,023,000.

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.