Morgan Stanley Issues Pessimistic Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its price target decreased by research analysts at Morgan Stanley from $37.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 40.83% from the company’s current price.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets reduced their target price on Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Onestream in a research report on Wednesday. Wedbush started coverage on Onestream in a research report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target on the stock. Scotiabank boosted their price target on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of Onestream in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.11.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $24.14 on Friday. Onestream has a 1 year low of $21.75 and a 1 year high of $35.39. The stock’s 50-day moving average is $28.91 and its 200 day moving average is $29.85.

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

Insider Activity

In other news, Director Michael Burkland sold 9,541 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $31.00, for a total value of $295,771.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The disclosure for this sale can be found here. Insiders have sold 7,709,787 shares of company stock valued at $231,177,930 in the last ninety days.

Institutional Investors Weigh In On Onestream

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC bought a new position in shares of Onestream during the 3rd quarter valued at about $10,331,000. US Bancorp DE bought a new position in shares of Onestream during the 3rd quarter valued at about $569,000. Diversified Trust Co bought a new position in shares of Onestream during the 4th quarter valued at about $1,004,000. Temasek Holdings Private Ltd bought a new position in shares of Onestream during the 3rd quarter valued at about $37,290,000. Finally, State Street Corp bought a new position in shares of Onestream during the 3rd quarter valued at about $3,878,000.

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.