OneStream (NASDAQ:OS) Given New $28.00 Price Target at Piper Sandler

Key Points

• OneStream's price target was reduced from $34.00 to $28.00 by Piper Sandler, indicating a potential upside of 26.01% from its current price, while maintaining an "overweight" rating.
• Insiders, including CRO Ken Hohenstein and Director John Kinzer, recently sold significant shares of OneStream, reflecting a decrease in their ownership stakes.
• Despite negative returns and margins, OneStream reported an earnings per share (EPS) of $0.05 for the last quarter, exceeding analyst estimates and marking a 25.6% year-over-year revenue increase.

OneStream (NASDAQ:OS - Get Free Report) had its price objective cut by investment analysts at Piper Sandler from $34.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price indicates a potential upside of 26.01% from the stock's current price.

A number of other equities analysts have also recently weighed in on the company. BNP Paribas assumed coverage on OneStream in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target on the stock. Mizuho raised their target price on shares of OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley dropped their target price on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price objective (down from $32.00) on shares of OneStream in a research note on Friday, May 9th. Finally, Citigroup reissued a "neutral" rating and issued a $29.00 price target (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.38.

OneStream Price Performance

OS stock opened at $22.22 on Friday. OneStream has a 12 month low of $16.69 and a 12 month high of $35.39. The firm has a 50 day simple moving average of $26.39 and a 200 day simple moving average of $24.97.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $147.59 million during the quarter, compared to the consensus estimate of $141.10 million. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, research analysts expect that OneStream will post 0.05 EPS for the current fiscal year.

Insider Activity at OneStream

In related news, CRO Ken Hohenstein sold 20,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $25.12, for a total value of $502,400.00. Following the completion of the sale, the executive owned 1,003,163 shares in the company, valued at approximately $25,199,454.56. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Kinzer sold 30,000 shares of OneStream stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $28.26, for a total value of $847,800.00. Following the sale, the director directly owned 7,130 shares in the company, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,973 shares of company stock worth $5,300,358. 12.77% of the stock is owned by insiders.

Institutional Trading of OneStream

Several institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in shares of OneStream by 44.9% in the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company's stock valued at $46,000 after purchasing an additional 499 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of OneStream in the 1st quarter valued at $35,000. KBC Group NV bought a new position in shares of OneStream during the 2nd quarter worth about $58,000. Fourth Dimension Wealth LLC acquired a new stake in shares of OneStream during the 2nd quarter valued at about $174,000. Finally, IFP Advisors Inc increased its stake in OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the period.

OneStream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.

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