Key Points
- CRO Ken Hohenstein sold 49,204 shares on March 16 at an average price of $23.58 for $1.16M, reducing his stake to 985,571 shares (a 4.76% cut); he also sold ~190,000 shares earlier this year, bringing total insider sales to roughly $5.64M.
- OneStream beat recent quarterly expectations, reporting $0.12 EPS vs. $0.05 consensus and revenue of $163.7M (up 23.6% YoY), but still has a negative net margin (-8.36%) and a negative P/E.
- Analyst and market view: the consensus rating is "Hold" with an average price target of $25.38; the stock trades around $23.75 (50-day MA $23.60) within a 52-week range of $16.51–$29.66.
OneStream, Inc. (NASDAQ:OS - Get Free Report) CRO Ken Hohenstein sold 10,000 shares of OneStream stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $23.62, for a total transaction of $236,200.00. Following the sale, the executive directly owned 985,571 shares of the company's stock, valued at $23,279,187.02. This represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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 stock was sold at an average price of $23.63, for a total value of $2,835,600.00.
OneStream Stock Up 0.3%
Shares of NASDAQ OS opened at $23.75 on Thursday. OneStream, Inc. has a twelve month low of $16.51 and a twelve month high of $29.66. The firm has a market cap of $5.79 billion, a PE ratio of -84.82 and a beta of 1.99. The business has a fifty day simple moving average of $23.60 and a two-hundred day simple moving average of $20.77.
OneStream (NASDAQ:OS - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. On average, research analysts expect that OneStream, Inc. will post 0.05 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of OS. Advisors Asset Management Inc. lifted its position in OneStream by 68.3% during the second 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. Advisory Services Network LLC purchased a new stake in shares of OneStream during the 3rd quarter valued at $27,000. Rhumbline Advisers acquired a new stake in shares of OneStream in the 1st quarter worth $35,000. KBC Group NV acquired a new stake in shares of OneStream in the 2nd quarter worth $58,000. Finally, EverSource Wealth Advisors LLC grew its stake in OneStream by 1,795.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company's stock worth $49,000 after buying an additional 2,532 shares during the last quarter.
Analyst Ratings Changes
OS has been the topic of a number of research reports. TD Cowen downgraded shares of OneStream from a "buy" rating to a "hold" rating and cut their target price for the company from $27.00 to $24.00 in a research report on Wednesday, January 7th. Loop Capital downgraded shares of OneStream from a "buy" rating to a "hold" rating and dropped their price objective for the company from $25.00 to $24.00 in a research note on Wednesday, January 7th. BMO Capital Markets lowered shares of OneStream from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $25.00 to $24.00 in a report on Wednesday, January 7th. Needham & Company LLC downgraded shares of OneStream from a "buy" rating to a "hold" rating in a research note on Wednesday, January 7th. Finally, Wolfe Research lowered OneStream from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, OneStream presently has a consensus rating of "Hold" and an average price target of $25.38.
Read Our Latest Stock Report on OS
About OneStream
(
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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