OneStream, Inc. (NASDAQ:OS – Get Free Report) CRO Ken Hohenstein sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $23.63, for a total value of $2,835,600.00. Following the completion of the transaction, the executive directly owned 990,961 shares of the company’s stock, valued at approximately $23,416,408.43. This represents a 10.80% decrease in their ownership of the stock. The transaction 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, 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 transaction of $688,400.00.
OneStream Price Performance
Shares of OS stock remained flat at $23.62 during trading hours on Tuesday. 2,600,107 shares of the company’s stock traded hands, compared to its average volume of 8,719,525. The stock has a 50-day simple moving average of $20.21 and a 200 day simple moving average of $20.58. The stock has a market capitalization of $5.76 billion, a P/E ratio of -49.21 and a beta of 2.04. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $30.93.
Analyst Ratings Changes
OS has been the subject of several research analyst reports. Baird R W lowered shares of OneStream from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Rosenblatt Securities cut shares of OneStream from a “buy” rating to a “hold” rating and decreased their target price for the company from $26.00 to $24.00 in a research report on Wednesday, January 7th. William Blair downgraded OneStream from an “outperform” rating to a “hold” rating in a report on Tuesday, January 6th. Robert W. Baird set a $24.00 price target on OneStream in a report on Tuesday, January 6th. Finally, Truist Financial set a $24.00 price objective on shares of OneStream in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, OneStream has an average rating of “Hold” and an average target price of $26.35.
Read Our Latest Stock Analysis on OneStream
Institutional Investors Weigh In On OneStream
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of OneStream by 10.1% during the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock worth $158,606,000 after buying an additional 786,408 shares in the last quarter. Norges Bank acquired a new position in OneStream during the second quarter valued at approximately $179,524,000. Temasek Holdings Private Ltd raised its stake in OneStream by 44.3% in the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock valued at $78,636,000 after buying an additional 1,310,354 shares during the period. Alliancebernstein L.P. lifted its position in OneStream by 13.4% during the third quarter. Alliancebernstein L.P. now owns 2,659,712 shares of the company’s stock worth $49,018,000 after acquiring an additional 314,278 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of OneStream by 6.4% during the 2nd quarter. Brown Advisory Inc. now owns 2,602,154 shares of the company’s stock worth $73,641,000 after purchasing an additional 157,257 shares in the last quarter.
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.
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