Onestream, Inc. (NASDAQ:OS) CFO Sells $719,000.00 in Stock

Onestream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Onestream Price Performance

Shares of Onestream stock traded up $0.41 during mid-day trading on Friday, hitting $28.40. 4,256,279 shares of the stock were exchanged, compared to its average volume of 1,181,410. Onestream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39. The company has a 50-day simple moving average of $23.18 and a 200 day simple moving average of $26.03.

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

Institutional Investors Weigh In On Onestream

Several large investors have recently modified their holdings of OS. Rhumbline Advisers purchased a new position in Onestream in the 1st quarter valued at approximately $35,000. Optimize Financial Inc purchased a new position in Onestream in the 1st quarter valued at approximately $343,000. Voleon Capital Management LP grew its stake in Onestream by 52.7% in the 1st quarter. Voleon Capital Management LP now owns 66,753 shares of the company's stock valued at $1,425,000 after buying an additional 23,028 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Onestream by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company's stock valued at $23,530,000 after buying an additional 371,520 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in Onestream by 2,206.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,956,360 shares of the company's stock valued at $63,089,000 after buying an additional 2,828,209 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Guggenheim reissued a "buy" rating and issued a $35.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Scotiabank reaffirmed an "outperform" rating on shares of Onestream in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Bank of America raised their price target on shares of Onestream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.