OneStream (NASDAQ:OS) CRO Sells $236,200.00 in Stock

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 10,000 shares of OneStream stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $23.62, for a total transaction of $236,200.00. Following the sale, the executive owned 985,571 shares in the company, valued at $23,279,187.02. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ken Hohenstein also recently made the following trade(s):

• On Monday, March 16th, Ken Hohenstein sold 49,204 shares of OneStream stock. The shares were sold at an average price of $23.58, for a total transaction of $1,160,230.32.
• On Tuesday, February 17th, Ken Hohenstein sold 60,000 shares of OneStream stock. The stock was sold at an average price of $23.46, for a total value of $1,407,600.00.
• On Friday, January 16th, Ken Hohenstein sold 120,000 shares of OneStream stock. The shares were sold at an average price of $23.63, for a total value of $2,835,600.00.

OneStream Stock Down 0.0%

Shares of NASDAQ OS opened at $23.77 on Friday. The business has a 50-day moving average price of $23.60 and a 200 day moving average price of $20.82. The stock has a market cap of $5.80 billion, a PE ratio of -84.89 and a beta of 1.99. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66.

OneStream (NASDAQ:OS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. OneStream had a positive return on equity of 11.28% and a negative net margin of 8.36%.The company had revenue of $163.73 million for the quarter, compared to analyst estimates of $157.28 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm’s revenue was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that OneStream, Inc. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On OneStream

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in OneStream by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after purchasing an additional 585 shares in the last quarter. Advisory Services Network LLC purchased a new stake in OneStream during the third quarter worth $27,000. Rhumbline Advisers acquired a new stake in OneStream in the first quarter valued at $35,000. KBC Group NV acquired a new stake in OneStream in the second quarter valued at $58,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of OneStream by 1,795.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after buying an additional 2,532 shares in the last quarter.

Analyst Ratings Changes

OS has been the subject of a number of recent research reports. Robert W. Baird set a $24.00 price target on shares of OneStream in a research note on Tuesday, January 6th. Piper Sandler set a $24.00 price objective on shares of OneStream in a research note on Monday, February 2nd. Truist Financial set a $24.00 target price on shares of OneStream in a research note on Tuesday, January 6th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $24.00 price target (up from $23.00) on shares of OneStream in a report on Friday, January 16th. Finally, Needham & Company LLC cut OneStream from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.38.

OneStream Company Profile

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.