Morgan Stanley Cuts Onestream (NASDAQ:OS) Price Target to $34.00

Onestream (NASDAQ:OS) had its price objective decreased by Morgan Stanley from $37.00 to $34.00 in a research report sent to investors on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

OS has been the subject of a number of other reports. 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. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. The Goldman Sachs Group started coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective for the company. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Finally, Robert W. Baird boosted their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.11.

Onestream Trading Up 4.5 %

Shares of NASDAQ:OS opened at $25.57 on Friday. Onestream has a one year low of $21.75 and a one year high of $35.39. The business’s 50-day simple moving average is $28.81 and its 200 day simple moving average is $29.86.

Onestream (NASDAQ:OS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. On average, analysts expect that Onestream will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.57, for a total value of $265,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $295,771.00. The disclosure for this sale can be found here. Insiders have sold 1,269,768 shares of company stock worth $37,977,516 over the last 90 days.

Institutional Trading of Onestream

Several large investors have recently made changes to their positions in the stock. Unisphere Establishment boosted its stake in shares of Onestream by 16.6% during the 4th quarter. Unisphere Establishment now owns 260,000 shares of the company’s stock worth $7,415,000 after acquiring an additional 37,000 shares in the last quarter. Comerica Bank boosted its stake in Onestream by 55.5% during the 4th quarter. Comerica Bank now owns 67,600 shares of the company’s stock valued at $1,928,000 after purchasing an additional 24,120 shares during the period. Voleon Capital Management LP bought a new stake in Onestream during the 4th quarter valued at approximately $1,247,000. Soros Fund Management LLC boosted its stake in Onestream by 25.0% during the 4th quarter. Soros Fund Management LLC now owns 1,250,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 250,000 shares during the period. Finally, PDT Partners LLC bought a new stake in Onestream during the 4th quarter valued at approximately $2,037,000.

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.