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

OneStream, Inc. (NASDAQ:OS) CRO Ken Hohenstein sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $23.46, for a total value of $1,407,600.00. Following the completion of the transaction, the executive directly owned 990,961 shares of the company’s stock, valued at $23,247,945.06. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $23.63, for a total transaction 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 transaction of $688,400.00.

OneStream Trading Down 0.5%

Shares of OS opened at $23.49 on Friday. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66. The firm’s fifty day simple moving average is $21.91 and its two-hundred day simple moving average is $20.37. The stock has a market capitalization of $5.73 billion, a P/E ratio of -48.94 and a beta of 2.05.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OS. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $24.00 target price (up from $23.00) on shares of OneStream in a research report on Friday, January 16th. Raymond James Financial downgraded OneStream from an “outperform” rating to a “market perform” rating in a research note 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 target on the stock. in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. Finally, UBS Group set a $24.00 price objective on OneStream in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.38.

Hedge Funds Weigh In On OneStream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OS. Advisory Services Network LLC bought a new stake in shares of OneStream in the third quarter worth $27,000. Rhumbline Advisers purchased a new position in OneStream during the first quarter valued at $35,000. Advisors Asset Management Inc. grew its holdings in 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 buying an additional 585 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of OneStream by 44.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,610 shares of the company’s stock worth $46,000 after buying an additional 499 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in OneStream by 1,795.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after purchasing an additional 2,532 shares during the period.

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.