OneStream (NASDAQ:OS) CRO Ken Hohenstein Sells 49,204 Shares of Stock

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

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 shares were 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 stock was sold at an average price of $23.63, for a total value of $2,835,600.00.

OneStream Trading Up 0.3%

NASDAQ:OS opened at $23.75 on Thursday. The stock has a 50 day moving average of $23.60 and a two-hundred day moving average of $20.77. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66. The firm has a market cap of $5.79 billion, a P/E ratio of -84.82 and a beta of 1.99.

OneStream (NASDAQ:OS) last released its earnings results on Thursday, February 26th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business 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 business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. On average, research analysts forecast that OneStream, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 target price (down from $27.00) on shares of OneStream in a report on Wednesday, January 7th. Loop Capital downgraded shares of OneStream from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, January 7th. Raymond James Financial lowered shares of OneStream from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 8th. BNP Paribas Exane cut shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Thursday, January 15th. Finally, TD Cowen downgraded shares of OneStream from a “buy” rating to a “hold” rating and cut their price objective for the company from $27.00 to $24.00 in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, OneStream presently has a consensus rating of “Hold” and a consensus price target of $25.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position 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 acquiring an additional 585 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in OneStream by 0.4% during the fourth 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 during the last quarter. The Manufacturers Life Insurance Company increased its position in OneStream by 8.8% during the second 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 during the last quarter. Magnetar Financial LLC raised its stake in OneStream by 12.6% during the third quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock worth $201,000 after purchasing an additional 1,220 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in OneStream by 12.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,007 shares of the company’s stock worth $239,000 after purchasing an additional 1,444 shares during the period.

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.