OneStream (NASDAQ:OS) CRO Sells $1,407,600.00 in Stock

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 60,000 shares of OneStream stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the completion of the transaction, the executive directly owned 990,961 shares in the company, valued at $23,247,945.06. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• On Tuesday, December 16th, Ken Hohenstein sold 40,000 shares of OneStream stock. The stock was sold at an average price of $17.21, for a total value of $688,400.00.

OneStream Stock Up 0.2%

Shares of OS stock traded up $0.05 during trading hours on Thursday, reaching $23.60. 1,381,829 shares of the stock traded hands, compared to its average volume of 6,328,613. The firm has a market capitalization of $5.75 billion, a PE ratio of -49.17 and a beta of 2.05. OneStream, Inc. has a 1-year low of $16.51 and a 1-year high of $29.66. The business has a fifty day moving average price of $21.68 and a 200 day moving average price of $20.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in OneStream during the fourth quarter valued at approximately $1,369,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of OneStream in the 4th quarter worth approximately $47,648,000. Wellington Management Group LLP lifted its position in shares of OneStream by 6.4% during the 4th quarter. Wellington Management Group LLP now owns 1,342,754 shares of the company’s stock worth $24,680,000 after buying an additional 81,202 shares during the period. Tudor Investment Corp ET AL boosted its stake in OneStream by 294.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 177,462 shares of the company’s stock valued at $3,262,000 after buying an additional 132,494 shares in the last quarter. Finally, Twinbeech Capital LP boosted its stake in OneStream by 209.8% in the 4th quarter. Twinbeech Capital LP now owns 56,515 shares of the company’s stock valued at $1,039,000 after buying an additional 38,270 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OS. Citigroup lowered shares of OneStream from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 price target (up previously from $23.00) on shares of OneStream in a research note on Friday, January 16th. BNP Paribas Exane lowered 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. Truist Financial set a $24.00 price objective on shares of OneStream in a report on Tuesday, January 6th. Finally, Piper Sandler set a $24.00 target price on shares of OneStream in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

OneStream Company Profile

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.