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

Key Points

• OneStream, Inc. CFO William A. Koefoed sold 25,000 shares at an average price of $25.00, totaling $625,000, resulting in a 9.51% decrease in his holdings.
• The company's stock recently traded at $24.81, with a one-year low of $16.69 and a high of $35.39, while experiencing a daily trading volume of 1,063,625 shares.
• Analyst ratings for OneStream are predominantly positive, with a consensus rating of "Moderate Buy" and a target price averaging $32.05.

OneStream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 25,000 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the chief financial officer owned 237,839 shares in the company, valued at $5,945,975. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

OneStream Stock Performance

OS stock traded down $0.20 during midday trading on Monday, hitting $24.81. 1,063,625 shares of the company's stock were exchanged, compared to its average volume of 1,417,579. OneStream, Inc. has a one year low of $16.69 and a one year high of $35.39. The stock's fifty day moving average price is $27.20 and its 200-day moving average price is $25.17.

OneStream (NASDAQ:OS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, beating 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 firm had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The company's revenue was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Institutional Trading of OneStream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in shares of OneStream during the first quarter worth approximately $35,000. IFP Advisors Inc increased its position in shares of OneStream by 10.6% in the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after purchasing an additional 624 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of OneStream in the fourth quarter worth $214,000. Hsbc Holdings PLC bought a new position in shares of OneStream in the fourth quarter worth $238,000. Finally, Bank of New York Mellon Corp bought a new position in OneStream in the 4th quarter valued at about $239,000.

Wall Street Analyst Weigh In

OS has been the topic of a number of recent analyst reports. Stephens raised their price objective on OneStream from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Bank of America boosted their price target on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. BNP Paribas initiated coverage on shares of OneStream in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $30.00 target price on the stock. Scotiabank reaffirmed an "outperform" rating on shares of OneStream in a report on Thursday, April 24th. Finally, BMO Capital Markets increased their price objective on shares of OneStream from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two equities research 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, OneStream presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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