Key Points
- Ken Hohenstein sold 60,000 shares of OneStream on Feb. 17 at an average price of $23.46 for roughly $1.41 million, leaving him with 990,961 shares (a 5.71% reduction) per the SEC filing.
- Hohenstein has been selling repeatedly this quarter, including 120,000 shares on Jan. 16 at $23.63 and 40,000 on Dec. 16 at $17.21, signaling ongoing insider reductions in his stake.
- OneStream trades around $23.56 (50‑/200‑day MAs of $21.80/$20.39), has a $5.74 billion market cap, and carries a consensus analyst rating of "Hold" with a $25.38 target.
OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 60,000 shares of the firm's stock in a transaction 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 sale, the executive directly owned 990,961 shares in the company, valued at approximately $23,247,945.06. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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 value of $2,835,600.00.
- 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 value of $688,400.00.
OneStream Stock Performance
Shares of NASDAQ:OS traded down $0.05 during midday trading on Friday, hitting $23.56. 366,914 shares of the stock were exchanged, compared to its average volume of 6,151,262. The business's 50-day moving average price is $21.80 and its 200 day moving average price is $20.39. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of -49.07 and a beta of 2.05.
Institutional Investors Weigh In On OneStream
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of OneStream by 10.1% in the 3rd 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 in the last quarter. Norges Bank acquired a new stake in OneStream in the second quarter worth $179,524,000. Temasek Holdings Private Ltd increased 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 purchasing an additional 1,310,354 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of OneStream by 12.3% during the fourth quarter. Marshall Wace LLP now owns 2,786,155 shares of the company's stock valued at $51,210,000 after purchasing an additional 304,238 shares during the period. Finally, TimesSquare Capital Management LLC grew its stake in shares of OneStream by 4.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,668,307 shares of the company's stock valued at $49,043,000 after buying an additional 122,759 shares during the period.
Wall Street Analyst Weigh In
OS has been the topic of a number of recent research reports. Truist Financial set a $24.00 price target on shares of OneStream in a report on Tuesday, January 6th. Piper Sandler set a $24.00 target price on OneStream in a report on Monday, February 2nd. Loop Capital cut OneStream from a "buy" rating to a "hold" rating and decreased their price target for the company from $25.00 to $24.00 in a research note on Wednesday, January 7th. Wolfe Research lowered OneStream from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. Finally, BTIG Research assumed coverage on shares of OneStream in a research report on Tuesday, December 16th. They set a "buy" rating and a $25.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, OneStream presently has an average rating of "Hold" and a consensus target price of $25.38.
View Our Latest Report on OS
OneStream Company Profile
(
Get Free Report)
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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