Piper Sandler Cuts OneStream (NASDAQ:OS) Price Target to $28.00

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 - Free Report) had its price objective reduced by Piper Sandler from $34.00 to $28.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

OS has been the subject of several other reports. Stephens boosted their price target on OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. BNP Paribas initiated coverage on OneStream in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target for the company. Morgan Stanley reduced their price target on OneStream from $34.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets reduced their price target on OneStream from $33.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Bank of America boosted their target price on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.81.

OneStream Trading Up 2.8%

Shares of OS traded up $0.54 during trading hours on Friday, hitting $20.14. The company had a trading volume of 1,143,505 shares, compared to its average volume of 1,450,051. The company has a market capitalization of $4.81 billion and a PE ratio of -13.53. OneStream has a one year low of $16.69 and a one year high of $35.39. The company's fifty day moving average price is $26.05 and its two-hundred day moving average price is $24.76.

OneStream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $147.59 million during the quarter, compared to analyst estimates of $141.10 million. OneStream had a negative return on equity of 28.38% and a negative net margin of 45.07%. OneStream's revenue was up 25.6% on a year-over-year basis. Analysts forecast that OneStream will post 0.05 earnings per share for the current year.

Insider Transactions at OneStream

In other news, CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $25.12, for a total value of $502,400.00. Following the sale, the executive owned 1,003,163 shares in the company, valued at $25,199,454.56. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Anthony Shea sold 9,913 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $279,843.99. Following the completion of the sale, the chief executive officer owned 496,854 shares in the company, valued at $14,026,188.42. The trade was a 1.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 193,973 shares of company stock valued at $5,300,358 over the last three months. Company insiders own 12.77% of the company's stock.

Institutional Trading of OneStream

A number of hedge funds have recently modified their holdings of OS. First Horizon Advisors Inc. boosted its position in OneStream by 44.9% during the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company's stock worth $46,000 after purchasing an additional 499 shares in the last quarter. Rhumbline Advisers purchased a new position in OneStream during the first quarter worth approximately $35,000. KBC Group NV purchased a new position in OneStream during the second quarter worth approximately $58,000. Fourth Dimension Wealth LLC purchased a new position in OneStream during the second quarter worth approximately $174,000. Finally, IFP Advisors Inc boosted its position in OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares in the last quarter.

About OneStream

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.