Insider Selling: OneStream (NASDAQ:OS) CRO Sells $1,160,230.32 in Stock

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 49,204 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $23.58, for a total transaction of $1,160,230.32. Following the completion of the transaction, the executive owned 985,571 shares of the company’s stock, valued at approximately $23,239,764.18. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 17th, Ken Hohenstein sold 10,000 shares of OneStream stock. The stock was sold at an average price of $23.62, for a total transaction of $236,200.00.
• 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 transaction 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 transaction of $2,835,600.00.

OneStream Stock Performance

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

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

Hedge Funds Weigh In On OneStream

Several institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its position in OneStream by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 1,442 shares of the company’s stock valued at $41,000 after buying an additional 585 shares during the period. Advisory Services Network LLC bought a new position in OneStream in the third quarter worth approximately $27,000. Rhumbline Advisers bought a new position in OneStream in the first quarter worth approximately $35,000. KBC Group NV purchased a new position in shares of OneStream during the 2nd quarter worth $58,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of OneStream by 1,795.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock worth $49,000 after acquiring an additional 2,532 shares during the last quarter.

Analysts Set New Price Targets

OS has been the subject of several recent analyst reports. Guggenheim lowered OneStream from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Robert W. Baird set a $24.00 price objective on shares of OneStream in a research report on Tuesday, January 6th. BTIG Research cut shares of OneStream from a “buy” rating to a “hold” rating in a report on Friday, February 27th. TD Cowen downgraded shares of OneStream from a “buy” rating to a “hold” rating and dropped their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, January 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price target (down from $27.00) on shares of OneStream in a 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 given a Sell rating to the stock. Based on data from MarketBeat, OneStream currently has a consensus rating of “Hold” and an average price target of $25.38.

About OneStream

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.