OneStream, Inc. (NASDAQ:OS) CRO Sells $565,600.00 in Stock

OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 20,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $28.28, for a total value of $565,600.00. Following the sale, the executive now owns 1,003,163 shares in the company, valued at approximately $28,369,449.64. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ken Hohenstein also recently made the following trade(s):

• On Wednesday, June 11th, Ken Hohenstein sold 6,280 shares of OneStream stock. The shares were sold at an average price of $28.23, for a total value of $177,284.40.
• On Monday, May 19th, Ken Hohenstein sold 20,000 shares of OneStream stock. The stock was sold at an average price of $27.67, for a total value of $553,400.00.

OneStream Trading Up 5.0%

OneStream stock traded up $1.31 during mid-day trading on Thursday, hitting $27.65. The company's stock had a trading volume of 1,139,750 shares, compared to its average volume of 1,203,619. OneStream, Inc. has a 1 year low of $16.69 and a 1 year high of $35.39. The stock's fifty day moving average is $26.15 and its two-hundred day moving average is $25.68.

OneStream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. OneStream's revenue was up 23.6% compared to the same quarter last year. As a group, research analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers purchased a new position in shares of OneStream during the first quarter worth $35,000. Optimize Financial Inc purchased a new position in shares of OneStream during the first quarter worth $343,000. Voleon Capital Management LP boosted its position in shares of OneStream by 52.7% during the first quarter. Voleon Capital Management LP now owns 66,753 shares of the company's stock worth $1,425,000 after buying an additional 23,028 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of OneStream by 50.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company's stock worth $23,530,000 after buying an additional 371,520 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in shares of OneStream by 2,206.9% during the first quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock worth $63,089,000 after buying an additional 2,828,209 shares during the period.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on OneStream from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group reduced their target price on OneStream from $36.00 to $31.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wedbush reduced their target price on OneStream from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, May 9th. William Blair initiated coverage on OneStream in a report on Tuesday, May 20th. They set an "outperform" rating for the company. Finally, Bank of America increased their target price on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, OneStream has an average rating of "Moderate Buy" and an average target price of $32.19.

OneStream Company Profile

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.