Onestream, Inc. (NASDAQ:OS) CEO Sells $279,843.99 in Stock

Onestream, Inc. (NASDAQ:OS - Get Free Report) CEO Thomas Anthony Shea sold 9,913 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 496,854 shares of the company's stock, valued at approximately $14,026,188.42. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Onestream Stock Down 2.2%

Shares of OS stock traded down $0.63 during mid-day trading on Friday, reaching $27.51. The stock had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,673. The business's fifty day moving average is $24.69 and its 200-day moving average is $25.84. Onestream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The firm had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. Onestream's revenue was up 23.6% compared to the same quarter last year. Equities analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in shares of Onestream in the first quarter worth about $35,000. IFP Advisors Inc boosted its stake in shares of Onestream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after buying an additional 624 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after buying an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Onestream in the fourth quarter worth about $214,000. Finally, Blue Trust Inc. boosted its stake in shares of Onestream by 4,980.0% in the first quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock worth $217,000 after buying an additional 9,960 shares during the last quarter.

Wall Street Analyst Weigh In

OS has been the topic of several research reports. BMO Capital Markets raised their target price on Onestream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group dropped their target price on Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. William Blair began coverage on Onestream in a research report on Tuesday, May 20th. They issued an "outperform" rating on the stock. BNP Paribas began coverage on Onestream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective on the stock. Finally, Wedbush lowered their price objective on Onestream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.19.

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.