Onestream, Inc. (NASDAQ:OS - Get Free Report) major shareholder Craig Colby sold 6,279 shares of the stock in a transaction that occurred 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 owns 212,885 shares of the company's stock, valued at approximately $6,009,743.55. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Onestream Trading Down 2.2%
Shares of OS traded down $0.63 during midday trading on Friday, hitting $27.51. The company's stock had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,673. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The company's fifty day simple moving average is $24.69 and its two-hundred day simple moving average is $25.84.
Onestream (NASDAQ:OS - Get Free Report) last released 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 firm had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. Onestream's revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
OS has been the subject of several research reports. Piper Sandler lifted their target price on Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. William Blair began coverage on Onestream in a report on Tuesday, May 20th. They set an "outperform" rating for the company. Wedbush reduced their price target on Onestream from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group reduced their price target on Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, Bank of America increased their price target on Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Two research 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.19.
Check Out Our Latest Research Report on OS
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in shares of Onestream in the 1st quarter worth about $35,000. Optimize Financial Inc bought a new stake in Onestream in the 1st quarter valued at about $343,000. Voleon Capital Management LP increased its position in Onestream by 52.7% in the 1st quarter. Voleon Capital Management LP now owns 66,753 shares of the company's stock valued at $1,425,000 after buying an additional 23,028 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Onestream by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company's stock valued at $23,530,000 after buying an additional 371,520 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in Onestream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock valued at $63,089,000 after buying an additional 2,828,209 shares in the last quarter.
About Onestream
(
Get Free Report)
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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