Onestream (NASDAQ:OS) Hits New 1-Year Low – Here’s What Happened

Onestream, Inc. (NASDAQ:OS) shares hit a new 52-week low on Tuesday . The stock traded as low as $21.69 and last traded at $22.03, with a volume of 190485 shares trading hands. The stock had previously closed at $22.69.

Analyst Ratings Changes

OS has been the subject of several analyst reports. Wedbush initiated coverage on Onestream in a report on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Onestream in a report on Wednesday, February 12th. 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. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Citigroup lowered their price objective on shares of 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Onestream currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.11.

Onestream Trading Down 0.3 %

The business’s 50-day moving average is $27.54 and its two-hundred day moving average is $29.60.

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, analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Insider Activity

In related news, President Craig Colby sold 280,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was 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. In the last 90 days, insiders have sold 313,765 shares of company stock worth $9,247,850.

Institutional Trading of Onestream

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new stake in Onestream in the 3rd quarter worth approximately $569,000. Harbor Capital Advisors Inc. acquired a new position in Onestream in the 3rd quarter valued at $1,417,000. Portside Wealth Group LLC acquired a new position in Onestream in the 3rd quarter valued at $593,000. Atria Investments Inc acquired a new position in Onestream in the 3rd quarter valued at $425,000. Finally, TimesSquare Capital Management LLC acquired a new position in Onestream in the 3rd quarter valued at $67,746,000.

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.