OneStream, Inc. (NASDAQ:OS) Director John Kinzer Sells 30,000 Shares

OneStream, Inc. (NASDAQ:OS - Get Free Report) Director John Kinzer sold 30,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the transaction, the director now directly owns 7,130 shares of the company's stock, valued at $201,493.80. This trade represents a 80.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

John Kinzer also recently made the following trade(s):

• On Wednesday, April 9th, John Kinzer sold 40,000 shares of OneStream stock. The stock was sold at an average price of $20.28, for a total value of $811,200.00.

OneStream Price Performance

OneStream stock traded up $0.21 during midday trading on Tuesday, hitting $26.85. The company's stock had a trading volume of 1,712,819 shares, compared to its average volume of 1,204,421. The stock's 50-day moving average price is $25.71 and its 200-day moving average price is $25.69. OneStream, Inc. has a 12 month low of $16.69 and a 12 month high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last announced 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. OneStream had a negative net margin of 45.64% and a negative return on equity of 47.88%. The company had revenue of $136.31 million for the quarter, compared to analysts' expectations of $131.08 million. The company's quarterly revenue was up 23.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. 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. Norges Bank acquired a new stake in shares of OneStream during the fourth quarter valued at approximately $119,214,000. Champlain Investment Partners LLC purchased a new stake in shares of OneStream in the 4th quarter valued at approximately $98,076,000. Temasek Holdings Private Ltd boosted 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 worth $63,089,000 after purchasing an additional 2,828,209 shares during the period. Finally, Alkeon Capital Management LLC purchased a new position in OneStream during the 1st quarter worth approximately $53,910,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OS. Mizuho boosted their price target on shares of OneStream from $30.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. BNP Paribas began coverage on shares of OneStream in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 target price for the company. Truist Financial decreased their target price on shares of OneStream from $37.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Bank of America lifted their price target on OneStream from $29.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group reduced their price objective on OneStream from $36.00 to $31.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Two 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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