Onestream (NASDAQ:OS) Hits New 12-Month Low – Here’s Why

Onestream, Inc. (NASDAQ:OS)’s share price reached a new 52-week low on Tuesday . The company traded as low as $21.46 and last traded at $21.38, with a volume of 412059 shares trading hands. The stock had previously closed at $22.27.

Analysts Set New Price Targets

A number of analysts have issued reports on OS shares. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Onestream in a report on Wednesday, February 12th. BMO Capital Markets reduced their price target on Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley dropped their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. lowered Onestream from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Finally, Citigroup dropped their price target on Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.11.

Onestream Stock Performance

The business’s 50 day simple moving average is $27.06 and its two-hundred day simple moving average is $29.42.

Onestream (NASDAQ:OS) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. On average, equities research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity

In other news, CFO William A. Koefoed sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total value of $265,700.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Craig Colby sold 280,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,765 shares of company stock valued at $9,247,850.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Onestream in the fourth quarter valued at about $119,214,000. Champlain Investment Partners LLC purchased a new stake in shares of Onestream in the 4th quarter valued at approximately $98,076,000. JPMorgan Chase & Co. increased its holdings in shares of Onestream by 5,118.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company’s stock worth $45,543,000 after buying an additional 1,566,276 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company’s stock valued at $70,321,000 after buying an additional 1,357,860 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Onestream by 51.2% in the fourth quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company’s stock valued at $106,852,000 after acquiring an additional 1,268,733 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.