Citigroup Cuts OneStream (NASDAQ:OS) Price Target to $22.00

OneStream (NASDAQ:OS) had its target price cut by Citigroup from $27.00 to $22.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently weighed in on OS. Raymond James Financial dropped their price objective on OneStream from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Morgan Stanley reissued an “overweight” rating on shares of OneStream in a research note on Friday, September 19th. Mizuho dropped their price target on shares of OneStream from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research report on Wednesday, October 8th. Finally, Piper Sandler dropped their target price on shares of OneStream from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.53.

OneStream Stock Down 0.3%

OS stock opened at $18.12 on Tuesday. The company has a market cap of $4.40 billion, a P/E ratio of -12.16 and a beta of 2.08. OneStream has a twelve month low of $16.51 and a twelve month high of $35.39. The business has a fifty day moving average of $18.96 and a 200-day moving average of $22.86.

OneStream (NASDAQ:OS) last released its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, topping 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 27.54% and a negative net margin of 45.07%.The business’s revenue was up 25.6% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. As a group, equities research analysts anticipate that OneStream will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO William A. Koefoed sold 8,943 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.03, for a total transaction of $170,185.29. Following the completion of the sale, the chief financial officer directly owned 221,983 shares of the company’s stock, valued at approximately $4,224,336.49. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Ken Hohenstein sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $16.85, for a total value of $674,000.00. Following the sale, the executive directly owned 997,062 shares of the company’s stock, valued at approximately $16,800,494.70. The trade was a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 138,943 shares of company stock valued at $2,622,985. 12.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Gibbs Wealth Management bought a new position in shares of OneStream during the third quarter worth about $617,000. Evergreen Capital Management LLC bought a new position in shares of OneStream during the 3rd quarter worth approximately $6,392,000. Concurrent Investment Advisors LLC bought a new position in shares of OneStream during the 3rd quarter worth approximately $203,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in OneStream in the third quarter valued at $144,000. Finally, Institute for Wealth Management LLC. bought a new position in OneStream in the third quarter valued at $422,000.

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.