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

Onestream, Inc. (NASDAQ:OS - Get Free Report) CFO William A. Koefoed sold 6,501 shares of Onestream stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $183,523.23. Following the transaction, the chief financial officer now owns 247,193 shares in the company, valued at approximately $6,978,258.39. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Onestream Price Performance

Shares of NASDAQ:OS traded down $0.63 during trading on Friday, reaching $27.51. The company had a trading volume of 1,337,805 shares, compared to its average volume of 1,185,673. The company has a fifty day moving average of $24.69 and a two-hundred day moving average of $25.84. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The company had revenue of $136.31 million during the quarter, compared to the consensus estimate of $131.08 million. Onestream's revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onestream

Several institutional investors and hedge funds have recently made changes to their positions in OS. Rhumbline Advisers bought a new position in shares of Onestream during the 1st quarter valued at $35,000. IFP Advisors Inc grew its holdings in shares of Onestream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock valued at $139,000 after purchasing an additional 624 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Onestream by 57.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company's stock valued at $202,000 after purchasing an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Onestream during the 4th quarter valued at $214,000. Finally, Blue Trust Inc. grew its holdings in shares of Onestream by 4,980.0% during the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after purchasing an additional 9,960 shares during the last quarter.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price 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. Piper Sandler upped their price objective on shares of Onestream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 16th. William Blair started coverage on shares of Onestream in a report on Tuesday, May 20th. They set an "outperform" rating on the stock. BNP Paribas started coverage on shares of Onestream in a report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price objective on the stock. Finally, Stephens upped their price objective on shares of Onestream from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.