Ken Hohenstein Sells 40,000 Shares of OneStream (NASDAQ:OS) Stock

Key Points

• Ken Hohenstein, CRO of OneStream, sold 40,000 shares of the company's stock for approximately $674,000, reducing his total ownership by 3.86%.
• OneStream's stock is currently valued at $17.05, down from its 12-month high of $35.39, with a market cap of $4.14 billion.
• The company reported a quarterly revenue of $147.59 million, exceeding estimates, with guidance for FY 2025 EPS ranging from $0.070 to $0.150.

OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $16.85, for a total value of $674,000.00. Following the completion of the sale, the executive directly owned 997,062 shares in the company, valued at approximately $16,800,494.70. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 16th, Ken Hohenstein sold 40,000 shares of OneStream stock. The stock was sold at an average price of $18.69, for a total value of $747,600.00.
• On Monday, August 18th, Ken Hohenstein sold 20,000 shares of OneStream stock. The shares were sold at an average price of $21.56, for a total transaction of $431,200.00.

OneStream Stock Performance

Shares of OneStream stock traded up $0.40 during trading on Friday, hitting $17.05. 1,116,782 shares of the stock were exchanged, compared to its average volume of 1,513,723. The stock's fifty day moving average is $19.37 and its 200 day moving average is $22.95. The stock has a market cap of $4.14 billion, a PE ratio of -11.44 and a beta of 2.08. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $147.59 million for the quarter, compared to analyst estimates of $141.10 million. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The business's revenue was up 25.6% compared to the same quarter last year. OneStream has set its FY 2025 guidance at 0.070-0.150 EPS. Q3 2025 guidance at 0.010-0.030 EPS. Sell-side analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On OneStream

A number of institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in OneStream by 136.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,937,682 shares of the company's stock valued at $190,731,000 after buying an additional 5,152,719 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of OneStream by 53.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after acquiring an additional 2,234,980 shares during the period. Norges Bank purchased a new stake in shares of OneStream in the 2nd quarter valued at approximately $179,524,000. Champlain Investment Partners LLC lifted its position in shares of OneStream by 17.4% in the 1st quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock valued at $86,162,000 after acquiring an additional 598,757 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its position in OneStream by 2,206.9% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock worth $63,089,000 after purchasing an additional 2,828,209 shares in the last quarter.

Wall Street Analyst Weigh In

OS has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on OneStream from $33.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of OneStream in a report on Friday, September 19th. Wedbush decreased their target price on shares of OneStream from $35.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Citigroup restated a "neutral" rating and set a $29.00 price target (up from $27.00) on shares of OneStream in a research report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of OneStream in a report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $29.94.

About OneStream

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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