Onestream, Inc. (NASDAQ:OS) CFO William A. Koefoed Sells 6,501 Shares

Onestream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 6,501 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $183,523.23. Following the transaction, the chief financial officer now directly owns 247,193 shares of the company's stock, valued at approximately $6,978,258.39. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Onestream Trading Down 1.0%

Onestream stock traded down $0.27 during midday trading on Friday, reaching $27.87. The stock had a trading volume of 389,847 shares, compared to its average volume of 1,181,514. The firm's fifty day simple moving average is $24.50 and its two-hundred day simple moving average is $25.90. Onestream, Inc. has a twelve month low of $16.69 and a twelve month high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The company's revenue was up 23.6% on a year-over-year basis. Research analysts forecast that Onestream, Inc. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Onestream

Several institutional investors have recently modified their holdings of OS. T. Rowe Price Investment Management Inc. increased its stake in shares of Onestream by 136.1% in 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 during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Onestream by 53.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,378,130 shares of the company's stock valued at $136,109,000 after buying an additional 2,234,980 shares during the period. Norges Bank bought a new position in shares of Onestream during the 4th quarter worth approximately $119,214,000. Champlain Investment Partners LLC grew its position in shares of Onestream by 17.4% during the 1st quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company's stock worth $86,162,000 after buying an additional 598,757 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Onestream by 51.2% in the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after acquiring an additional 1,268,733 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OS. Mizuho upped their price objective on Onestream from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Raymond James restated an "outperform" rating and set a $29.00 price target (down previously from $32.00) on shares of Onestream in a research note on Friday, May 9th. Piper Sandler upped their price target on shares of Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. William Blair initiated coverage on Onestream in a report on Tuesday, May 20th. They set an "outperform" rating on the stock. Finally, Bank of America upped their price target on Onestream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Onestream currently has a consensus rating of "Moderate Buy" and an average target price of $32.19.

About Onestream

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.