Ken Hohenstein Sells 6,280 Shares of Onestream, Inc. (NASDAQ:OS) Stock

Onestream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 6,280 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $177,284.40. Following the transaction, the executive now directly owns 1,003,163 shares of the company's stock, valued at $28,319,291.49. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 Price Performance

NASDAQ OS traded down $0.63 on Friday, reaching $27.51. The stock had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,673. Onestream, Inc. has a 12-month low of $16.69 and a 12-month high of $35.39. The business's 50-day moving average price is $24.69 and its 200 day moving average price 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 (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. The business had revenue of $136.31 million during the quarter, compared to analysts' expectations of $131.08 million. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, research analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. William Blair assumed coverage on shares of Onestream in a research note on Tuesday, May 20th. They issued an "outperform" rating on the stock. Stephens lifted their price target on shares of Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. BMO Capital Markets raised their price objective on Onestream from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Bank of America raised their price objective on Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Scotiabank restated an "outperform" rating on shares of Onestream in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.19.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OS. Rhumbline Advisers acquired a new stake in Onestream in the 1st quarter worth about $35,000. IFP Advisors Inc acquired a new stake in Onestream in the 4th quarter worth about $168,000. PNC Financial Services Group Inc. lifted its stake 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 purchasing an additional 2,600 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Onestream in the 4th quarter valued at about $214,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Onestream during the 4th quarter valued at about $238,000.

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.