Onestream, Inc. (NASDAQ:OS) CRO Ken Hohenstein Sells 20,000 Shares

Onestream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 20,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $27.67, for a total transaction of $553,400.00. Following the sale, the executive now directly owns 1,009,443 shares in the company, valued at $27,931,287.81. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Onestream Price Performance

Shares of OS opened at $28.05 on Thursday. Onestream, Inc. has a 52 week low of $16.69 and a 52 week high of $35.39. The stock has a 50 day moving average price of $22.33 and a two-hundred day moving average price of $26.26.

Onestream (NASDAQ:OS) last announced 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 quarterly revenue was up 23.6% compared to the same quarter last year. On average, equities analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OS. Truist Financial dropped their price objective on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wedbush lowered their target price on Onestream from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Morgan Stanley dropped their price target on Onestream from $34.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Guggenheim reaffirmed a “buy” rating and set a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their price objective 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. 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. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.19.

Institutional Trading of Onestream

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in shares of Onestream during the first quarter valued at approximately $35,000. IFP Advisors Inc grew its stake in Onestream by 10.6% in 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 period. SG Americas Securities LLC purchased a new stake in shares of Onestream during the 4th quarter valued at $166,000. PNC Financial Services Group Inc. increased its position 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. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Onestream during the 4th quarter worth $214,000.

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.