Onestream (NASDAQ:OS) Shares Gap Down – Here’s Why

Onestream, Inc. (NASDAQ:OSGet Free Report)’s share 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.

Wall Street Analyst Weigh In

OS has been the subject of a number of research analyst reports. Guggenheim boosted their target price on Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Piper Sandler increased their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, November 8th. BMO Capital Markets initiated coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price objective for the company. BTIG Research started coverage on shares of Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Citigroup assumed coverage on Onestream in a report on Monday, August 19th. They set a “neutral” rating and a $34.00 target price for the company. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Read Our Latest Research Report on OS

Onestream Stock Down 7.5 %

The company has a 50 day moving average of $31.12.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Renaissance Capital LLC purchased a new position in Onestream during the third quarter valued at $1,032,000. US Bancorp DE bought a new stake in Onestream during the 3rd quarter worth approximately $569,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Onestream in the third quarter worth $1,417,000. Seven Grand Managers LLC purchased a new stake in Onestream in the 3rd quarter worth $6,780,000. Finally, Dakota Wealth Management purchased a new stake in shares of Onestream during the third quarter worth about $2,412,000.

About Onestream

(Get Free Report)

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.

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