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 stock was sold at an average price of $28.28, for a total transaction of $565,600.00. Following the sale, the executive now owns 1,003,163 shares in the company, valued at $28,369,449.64. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, June 11th, Ken Hohenstein sold 6,280 shares of OneStream stock. The stock was 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 Price Performance

Shares of OS stock traded down $1.14 during trading hours on Monday, hitting $26.64. The stock had a trading volume of 2,367,161 shares, compared to its average volume of 1,202,201. OneStream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39. The stock's 50 day moving average is $25.71 and its 200 day moving average is $25.69.

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

Institutional Investors Weigh In On OneStream

Large investors have recently modified their holdings of the company. Primecap Management Co. CA lifted its holdings in shares of OneStream by 0.3% during the first quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock worth $3,096,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System lifted its holdings in shares of OneStream by 4.0% during the first quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock worth $250,000 after purchasing an additional 454 shares during the period. IFP Advisors Inc lifted its holdings in shares of OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares during the period. Norden Group LLC lifted its holdings in shares of OneStream by 3.7% during the first quarter. Norden Group LLC now owns 21,906 shares of the company's stock worth $467,000 after purchasing an additional 788 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of OneStream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after purchasing an additional 1,238 shares during the period.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on OneStream from $34.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America boosted their price objective on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Stephens boosted their price objective on OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Piper Sandler upped their price target on OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $29.00 price target (down from $32.00) on shares of OneStream in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.