Ken Hohenstein Sells 10,000 Shares of OneStream (NASDAQ:OS) Stock

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $23.62, for a total value of $236,200.00. Following the sale, the executive owned 985,571 shares in the company, valued at approximately $23,279,187.02. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 16th, Ken Hohenstein sold 49,204 shares of OneStream stock. The stock was sold at an average price of $23.58, for a total value of $1,160,230.32.
• 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 value 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 value of $2,835,600.00.

OneStream Stock Performance

OneStream stock opened at $23.78 on Friday. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -84.93 and a beta of 1.99. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66. The stock’s 50 day moving average price is $23.60 and its two-hundred day moving average price is $20.80.

OneStream (NASDAQ:OS) last released its quarterly earnings data 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. OneStream had a negative net margin of 8.36% and a positive return on equity of 11.28%. The company had revenue of $163.73 million during the quarter, compared to analyst estimates of $157.28 million. During the same quarter in the previous year, the business posted $0.07 EPS. OneStream’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts forecast that OneStream, Inc. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On OneStream

A number of institutional investors have recently added to or reduced their stakes in OS. Counterpoint Mutual Funds LLC purchased a new position in shares of OneStream in the 3rd quarter worth approximately $480,000. Fortress Investment Group LLC grew its holdings in shares of OneStream by 1,888.5% in the second quarter. Fortress Investment Group LLC now owns 198,846 shares of the company’s stock valued at $5,627,000 after acquiring an additional 188,846 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $158,606,000 after acquiring an additional 786,408 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in OneStream during the third quarter worth $6,392,000. Finally, Temasek Holdings Private Ltd lifted its holdings in OneStream by 44.3% during the third quarter. Temasek Holdings Private Ltd now owns 4,266,714 shares of the company’s stock worth $78,636,000 after acquiring an additional 1,310,354 shares during the period.

Wall Street Analyst Weigh In

OS has been the subject of several research analyst reports. Guggenheim downgraded shares of OneStream from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Needham & Company LLC downgraded OneStream from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Citigroup lowered OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Rosenblatt Securities downgraded OneStream from a “buy” rating to a “hold” rating and dropped their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, January 7th. Finally, Wedbush lowered OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, OneStream presently has a consensus rating of “Hold” and a consensus 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.