Onestream, Inc. (NASDAQ:OS - Get Free Report) major shareholder Craig Colby sold 6,279 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $28.23, for a total value of $177,256.17. Following the sale, the insider now directly owns 212,885 shares of the company's stock, valued at approximately $6,009,743.55. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Onestream Trading Down 1.0%
Shares of NASDAQ OS traded down $0.27 during midday trading on Friday, hitting $27.87. 389,847 shares of the stock traded hands, compared to its average volume of 1,181,514. The business has a 50 day moving average price of $24.50 and a two-hundred day moving average price of $25.90. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39.
Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. Onestream's quarterly revenue was up 23.6% on a year-over-year basis. As a group, equities analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.
Institutional Trading of Onestream
Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in Onestream during the first quarter valued at approximately $35,000. IFP Advisors Inc lifted its stake in 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 purchasing an additional 624 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Onestream by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after buying an additional 2,600 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Onestream during the fourth quarter valued at about $214,000. Finally, Blue Trust Inc. increased its holdings 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 period.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on OS shares. Wedbush decreased their target price on shares of Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Stephens lifted their price objective on Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Raymond James reiterated an "outperform" rating and set a $29.00 price target (down from $32.00) on shares of Onestream in a report on Friday, May 9th. BMO Capital Markets lifted their target price on shares of Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Scotiabank restated an "outperform" rating on shares of Onestream in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.19.
View Our Latest Research Report on OS
About Onestream
(
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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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