Ken Hohenstein Sells 20,000 Shares of OneStream, Inc. (NASDAQ:OS) Stock

OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the executive owned 1,003,163 shares in the company, valued at $25,199,454.56. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 transaction 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 transaction 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 transaction of $553,400.00.

OneStream Trading Up 0.1%

Shares of OneStream stock traded up $0.03 during trading on Tuesday, hitting $25.11. The stock had a trading volume of 1,353,306 shares, compared to its average volume of 1,222,313. The business has a fifty day moving average of $27.50 and a two-hundred day moving average of $25.25. OneStream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last announced 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. OneStream had a negative return on equity of 47.88% and a negative net margin of 45.64%. The business had revenue of $136.31 million during the quarter, compared to analyst estimates of $131.08 million. The business's revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities analysts forecast that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Trading of OneStream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in shares of OneStream during the first quarter valued at about $35,000. IFP Advisors Inc increased its stake 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in OneStream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after acquiring an additional 2,600 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of OneStream in the 4th quarter worth approximately $214,000. Finally, Hsbc Holdings PLC acquired a new stake in OneStream during the 4th quarter worth approximately $238,000.

Wall Street Analyst Weigh In

OS has been the subject of several recent analyst reports. William Blair initiated coverage on shares of OneStream in a report on Tuesday, May 20th. They issued an "outperform" rating for the company. Wedbush reduced their price target 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. Bank of America lifted their price target on shares of OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Stephens lifted their price target on shares of OneStream from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Scotiabank reiterated an "outperform" rating on shares of OneStream in a research note on Thursday, April 24th. 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 company's stock. According to MarketBeat.com, OneStream presently has a consensus 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.