Onestream (NASDAQ:OS) Shares Gap Down – What’s Next?

Onestream, Inc. (NASDAQ:OS)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $33.53, but opened at $31.95. Onestream shares last traded at $32.23, with a volume of 2,682,325 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OS. JPMorgan Chase & Co. started coverage on shares of Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective on the stock. Truist Financial reissued a “buy” rating and issued a $37.00 price target (up previously from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Baird R W raised Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. Morgan Stanley increased their price objective on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC boosted their target price on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Onestream Stock Down 10.1 %

The firm has a fifty day simple moving average of $31.15.

Institutional Trading of Onestream

A number of institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. bought a new stake in shares of Onestream during the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new position in Onestream during the third quarter valued at approximately $77,000. RiverPark Advisors LLC bought a new stake in Onestream during the third quarter worth $92,000. HighTower Advisors LLC bought a new stake in Onestream during the third quarter worth $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Onestream in the 3rd quarter valued at $325,000.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.