Insider Selling: OneStream, Inc. (NASDAQ:OS) CRO Sells 20,000 Shares of Stock

OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 20,000 shares of OneStream stock in a transaction on Friday, July 18th. The shares were sold at an average price of $25.12, for a total transaction of $502,400.00. Following the completion of the sale, the executive directly owned 1,003,163 shares in the company, valued at $25,199,454.56. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 18th, Ken Hohenstein sold 20,000 shares of OneStream stock. The stock was sold at an average price of $28.28, for a total value of $565,600.00.
• 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

OS traded up $0.02 during mid-day trading on Wednesday, hitting $25.14. 395,053 shares of the stock were exchanged, compared to its average volume of 1,219,232. The firm's fifty day moving average is $27.40 and its two-hundred day moving average is $25.23. OneStream, Inc. has a 1-year low of $16.69 and a 1-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 the consensus estimate of ($0.03) by $0.07. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The company's revenue for the quarter was up 23.6% on a year-over-year basis. As a group, sell-side analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On OneStream

Large investors have recently bought and sold shares of the stock. Primecap Management Co. CA increased its holdings in shares of OneStream by 0.3% in the 1st quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock valued at $3,096,000 after acquiring an additional 400 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of OneStream by 4.0% in the 1st quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after acquiring an additional 454 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of OneStream by 10.6% in the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after acquiring an additional 624 shares during the last quarter. Norden Group LLC increased its holdings in shares of OneStream by 3.7% in the 1st quarter. Norden Group LLC now owns 21,906 shares of the company's stock valued at $467,000 after acquiring an additional 788 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of OneStream by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock valued at $2,972,000 after acquiring an additional 1,238 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OS shares. Truist Financial lowered their price objective on OneStream from $37.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. BMO Capital Markets boosted their price objective on OneStream from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wedbush lowered their price objective on OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. 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 note on Wednesday, May 14th. Finally, BNP Paribas assumed coverage on OneStream in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 price target on the stock. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.05.

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.