OneStream, Inc. (NASDAQ:OS) CFO Sells $669,250.00 in Stock

OneStream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 25,000 shares of OneStream stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $26.77, for a total transaction of $669,250.00. Following the completion of the sale, the chief financial officer directly owned 237,839 shares of the company's stock, valued at $6,366,950.03. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

OneStream Stock Up 2.2%

Shares of NASDAQ:OS traded up $0.61 on Monday, reaching $28.30. 2,496,134 shares of the company's stock were exchanged, compared to its average volume of 1,209,665. The business's 50-day moving average is $26.50 and its two-hundred day moving average is $25.58. OneStream, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $35.39.

OneStream (NASDAQ:OS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share 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 firm had revenue of $136.31 million for the quarter, compared to analyst estimates of $131.08 million. The company's revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts anticipate that OneStream, Inc. will post 0.05 EPS for the current year.

Institutional Trading of OneStream

Several hedge funds have recently made changes to their positions in OS. Primecap Management Co. CA lifted its position in OneStream by 0.3% in the 1st quarter. Primecap Management Co. CA now owns 145,100 shares of the company's stock valued at $3,096,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System increased its stake in shares of OneStream by 4.0% in the first quarter. Arizona State Retirement System now owns 11,732 shares of the company's stock valued at $250,000 after purchasing an additional 454 shares during the period. IFP Advisors Inc raised its holdings in shares of OneStream by 10.6% during the first quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after buying an additional 624 shares during the last quarter. Norden Group LLC raised its holdings in shares of OneStream by 3.7% during the first quarter. Norden Group LLC now owns 21,906 shares of the company's stock valued at $467,000 after buying an additional 788 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of OneStream by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 104,207 shares of the company's stock worth $2,972,000 after buying an additional 1,238 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have commented on OS. Scotiabank reissued an "outperform" rating on shares of OneStream in a research report on Thursday, April 24th. 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 note on Monday, April 7th. BNP Paribas began coverage on shares of OneStream in a report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target for the company. Wedbush cut their price objective on shares of OneStream from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, William Blair began coverage on shares of OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating for the company. Two 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. According to data from MarketBeat, the company has a consensus 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.