OneStream (NASDAQ:OS) CRO Ken Hohenstein Sells 60,000 Shares

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 60,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the sale, the executive directly owned 990,961 shares of the company’s stock, valued at $23,247,945.06. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 16th, Ken Hohenstein sold 120,000 shares of OneStream stock. The stock was sold at an average price of $23.63, for a total transaction of $2,835,600.00.
• On Tuesday, December 16th, Ken Hohenstein sold 40,000 shares of OneStream stock. The shares were sold at an average price of $17.21, for a total value of $688,400.00.

OneStream Trading Down 0.2%

Shares of OS stock traded down $0.05 on Friday, hitting $23.56. 366,914 shares of the stock were exchanged, compared to its average volume of 6,151,262. The firm has a market capitalization of $5.74 billion, a P/E ratio of -49.07 and a beta of 2.05. OneStream, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $29.66. The business has a 50-day moving average of $21.80 and a 200 day moving average of $20.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OS. First Horizon Advisors Inc. raised its stake in OneStream by 44.9% during the second quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after acquiring an additional 499 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of OneStream by 68.3% during 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in OneStream by 0.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 206,284 shares of the company’s stock worth $3,792,000 after purchasing an additional 759 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in OneStream by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the company’s stock worth $332,000 after purchasing an additional 954 shares in the last quarter. Finally, Magnetar Financial LLC lifted its stake in OneStream by 12.6% in the 3rd quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock valued at $201,000 after purchasing an additional 1,220 shares during 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 objective on shares of OneStream in a research note on Tuesday, January 6th. Guggenheim downgraded shares of OneStream from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. William Blair downgraded OneStream from an “outperform” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup downgraded OneStream from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. Finally, TD Cowen cut OneStream from a “buy” rating to a “hold” rating and dropped their price target for the company from $27.00 to $24.00 in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneStream presently has an average rating of “Hold” and an average target price 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.