Onestream, Inc. (NASDAQ:OS) CFO William A. Koefoed Sells 25,000 Shares

Onestream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 25,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $28.76, for a total transaction of $719,000.00. Following the completion of the sale, the chief financial officer now directly owns 253,694 shares of the company's stock, valued at approximately $7,296,239.44. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Onestream Stock Performance

NASDAQ:OS traded up $1.01 during mid-day trading on Tuesday, reaching $29.07. The stock had a trading volume of 1,549,566 shares, compared to its average volume of 1,184,958. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The firm has a 50 day moving average price of $23.27 and a two-hundred day moving average price of $25.96.

Onestream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream's revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Onestream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OS. Rhumbline Advisers bought a new position in shares of Onestream during the first quarter valued at about $35,000. SG Americas Securities LLC bought a new position in Onestream in the 4th quarter worth $166,000. IFP Advisors Inc bought a new position in Onestream in the fourth quarter worth about $168,000. PNC Financial Services Group Inc. raised its stake in Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock worth $202,000 after buying an additional 2,600 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Onestream in the 4th quarter worth approximately $214,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OS shares. Stephens upped their target price on Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Bank of America upped their price objective on shares of Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Guggenheim reaffirmed a "buy" rating and set a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. Mizuho upped their price target on shares of Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Scotiabank restated an "outperform" rating on shares of Onestream in a research report on Thursday, April 24th. Two 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. According to MarketBeat.com, Onestream presently has a consensus rating of "Moderate Buy" and an average price target of $32.19.

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.