Onestream, Inc. (NASDAQ:OS - Get Free Report) CEO Thomas Anthony Shea sold 9,913 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were 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 directly owns 496,854 shares in the company, valued at $14,026,188.42. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Onestream Stock Performance
OS traded down $0.63 on Friday, hitting $27.51. The company had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,672. The stock has a fifty day simple moving average of $24.69 and a 200-day simple moving average of $25.87. Onestream, Inc. has a 52-week low of $16.69 and a 52-week high of $35.39.
Onestream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The firm had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current fiscal year.
Institutional Trading of Onestream
Several hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its position in shares of Onestream by 136.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock valued at $190,731,000 after purchasing an additional 5,152,719 shares during the last quarter. Norges Bank acquired a new stake in Onestream in the 4th quarter valued at $119,214,000. Champlain Investment Partners LLC acquired a new stake in Onestream during the 4th quarter worth $98,076,000. Temasek Holdings Private Ltd increased its stake in shares of Onestream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock worth $63,089,000 after acquiring an additional 2,828,209 shares during the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in Onestream in the first quarter valued at $53,910,000.
Analyst Ratings Changes
OS has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of Onestream from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Stephens boosted their target price on Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Scotiabank reissued an "outperform" rating on shares of Onestream in a research report on Thursday, April 24th. Bank of America boosted their target price on shares of Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group cut their target price on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Onestream has a consensus rating of "Moderate Buy" and an average target price of $32.19.
Read Our Latest Report on Onestream
Onestream Company Profile
(
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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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