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 dated Friday, July 18th. The stock was sold at an average price of $25.12, for a total value of $502,400.00. Following the completion of the transaction, the executive directly owned 1,003,163 shares of the company's stock, valued at approximately $25,199,454.56. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, June 18th, Ken Hohenstein sold 20,000 shares of OneStream stock. The shares were 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 shares were 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 shares were sold at an average price of $27.67, for a total value of $553,400.00.

OneStream Trading Down 0.8%

OneStream stock traded down $0.19 during trading on Thursday, hitting $25.05. 533,946 shares of the company were exchanged, compared to its average volume of 1,367,978. The business's 50 day moving average is $27.27 and its 200 day moving average is $25.20. OneStream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) 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 business had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, sell-side analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in OneStream during the 1st quarter worth about $35,000. IFP Advisors Inc raised 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of OneStream by 57.9% in 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 purchased a new stake in shares of OneStream in the 4th quarter valued at about $214,000. Finally, Blue Trust Inc. raised its holdings in shares of OneStream by 4,980.0% in the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after acquiring an additional 9,960 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OS. Piper Sandler boosted their price target on OneStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley dropped their price target on OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Raymond James Financial reissued an "outperform" rating and issued a $29.00 price target (down from $32.00) on shares of OneStream in a research note on Friday, May 9th. Bank of America upped their target price on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Mizuho upped their target price on OneStream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, OneStream 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.