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

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

Onestream Price Performance

OS opened at $27.51 on Friday. The business has a 50 day moving average of $24.69 and a 200-day moving average of $25.87. Onestream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39.

Onestream (NASDAQ:OS) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The firm had revenue of $136.31 million for the quarter, compared to the consensus estimate of $131.08 million. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities research analysts predict that Onestream, Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Onestream

A number of institutional investors and hedge funds have recently modified their holdings of OS. Rhumbline Advisers acquired a new stake in shares of Onestream in the 1st quarter valued at $35,000. IFP Advisors Inc increased its stake in shares of Onestream by 10.6% in 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Onestream by 57.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after buying an additional 2,600 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Onestream in the fourth quarter valued at about $214,000. Finally, Blue Trust Inc. lifted its position in Onestream by 4,980.0% during the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company’s stock worth $217,000 after buying an additional 9,960 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Onestream from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. The Goldman Sachs Group reduced their price objective on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Truist Financial lowered their target price on Onestream from $37.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Scotiabank reiterated an “outperform” rating on shares of Onestream in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on shares of Onestream from $34.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Two 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.