A significant transaction recently occurred at OneStream, Inc., with Chief Financial Officer William A. Koefoed divesting a substantial block of company shares. On Friday, July 25th, Koefoed sold 25,000 shares at an average price of $25.00 per share, culminating in a total transaction value of $625,000.00. This CFO share sale has drawn attention as investors monitor insider trading activities for signals about a company’s prospects.
Following this notable transaction, Koefoed’s direct ownership in the company’s OS stock saw a reduction, though he still retains a considerable stake. His remaining holdings amount to 237,839 shares, which are valued at an impressive $5,945,975 based on the sale price. This OneStream stock adjustment represented a 9.51% decrease in his overall position, a detail disclosed in an SEC filing, making it public record for market participants.
In the broader context of the stock market analysis, OneStream, Inc.’s shares commenced trading on Thursday at $24.79. The company’s stock has navigated a varied landscape over the past year, recording a low of $16.69 and reaching a high of $35.39. Current technical indicators show the stock’s 50-day moving average price standing at $27.00, while its 200-day moving average price is $25.15, providing context to its recent price movements.
OneStream also recently unveiled its quarterly earnings data on Thursday, May 8th, presenting a positive surprise to analysts. The company reported earnings per share (EPS) of $0.04 for the quarter, successfully surpassing the consensus estimate of ($0.03) by $0.07. This performance underscores the company’s ability to exceed expectations in its operational efficiency.
Furthermore, the financial report detailed OneStream’s revenue at $136.31 million for the quarter, comfortably outperforming analyst projections of $131.08 million. While these figures indicate strong revenue generation, the company also reported a negative return on equity of 47.88% and a negative net margin of 45.64%. Despite these metrics, OneStream demonstrated robust growth, with its revenue climbing by 23.6% compared to the identical quarter in the preceding year, showcasing underlying strength.
A series of corporate finance experts and equities analysts have recently provided their perspectives on OneStream’s financial trajectory and share valuation. Morgan Stanley, for instance, adjusted its price target for OneStream from $34.00 down to $27.00 but maintained an “overweight” rating in an April 16th report. Conversely, Bank of America elevated its price target from $29.00 to $33.00, issuing a “buy” rating on May 14th.
Other notable analyst ratings include Piper Sandler, which increased its price target from $32.00 to $34.00, upholding an “overweight” rating on May 16th. Raymond James Financial reaffirmed an “outperform” rating, setting a $29.00 target price for OneStream shares in a May 9th report. Additionally, Wedbush reduced its target price from $40.00 to $35.00 but maintained an “outperform” rating on the same date.
Collectively, the consensus among research analysts regarding OneStream’s outlook leans towards optimism. Two analysts currently rate the stock with a “hold,” while a substantial twenty have assigned a “buy” rating, and one analyst has issued a “strong buy” rating. According to MarketBeat.com, OneStream currently carries a consensus rating of “Moderate Buy” and an average target price of $32.05, reflecting a generally positive sentiment in the investment community.
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