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

Onestream, Inc. (NASDAQ:OS) CFO William A. Koefoed sold 6,501 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total value of $183,523.23. Following the sale, the chief financial officer now owns 247,193 shares of the company’s stock, valued at approximately $6,978,258.39. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Onestream Trading Down 2.2%

NASDAQ:OS opened at $27.51 on Friday. Onestream, Inc. has a one year low of $16.69 and a one year high of $35.39. The business’s 50-day simple moving average is $24.69 and its 200 day simple moving average is $25.87.

Onestream (NASDAQ:OS) last posted its quarterly earnings data 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 business had revenue of $136.31 million for the quarter, compared to analysts’ expectations of $131.08 million. The business’s revenue was up 23.6% on a year-over-year basis. Sell-side analysts forecast that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OS. Morgan Stanley lowered their price target on Onestream from $34.00 to $27.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group decreased their target price on Onestream from $36.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 28th. Scotiabank restated an “outperform” rating on shares of Onestream in a report on Thursday, April 24th. Raymond James reaffirmed an “outperform” rating and set a $29.00 price target (down from $32.00) on shares of Onestream in a research report on Friday, May 9th. Finally, Piper Sandler boosted their price objective on shares of Onestream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Two equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.19.

Institutional Trading of Onestream

A number of hedge funds and other institutional investors have recently made changes to their positions in OS. Rhumbline Advisers acquired a new stake in shares of Onestream in the first quarter valued at approximately $35,000. IFP Advisors Inc bought a new stake in Onestream in the fourth quarter worth about $168,000. PNC Financial Services Group Inc. lifted its holdings in Onestream by 57.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,090 shares of the company’s stock valued at $202,000 after acquiring an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Onestream in the 4th quarter valued at about $214,000. Finally, Hsbc Holdings PLC bought a new position in shares of Onestream during the 4th quarter valued at about $238,000.

Onestream Company Profile

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.