Summary
OneStream, Inc. insider activity and corporate developments converged on February 17, 2026. Ken Hohenstein, the companys Chief Revenue Officer, completed a sale of Class A common stock and simultaneously exercised options to acquire additional shares. These transactions took place against a backdrop of a substantial year-to-date stock gain and a pending acquisition that values the company at approximately $6.4 billion.
Transaction specifics
On February 17, 2026, Hohenstein sold 60,000 shares of OneStream Class A common stock at $23.46 per share, generating proceeds of $1,407,600. On the same date he exercised options to buy 60,000 shares in two separate option exercises, at strike prices of $10.65 and $14.51, representing a combined outlay of $793,400. The sale was executed under a pre-arranged Rule 10b5-1 trading plan that Hohenstein adopted on August 22, 2025.
Post-transaction holdings and related positions
Following the sale and option exercises, Hohensteins direct holdings stand at 990,961 shares of Class A common stock, a figure that includes unvested restricted stock units. In addition, he may be considered to have voting and dispositive power over 790,279 shares held by the Hohenstein Purple Elephant 2019 Irrevocable Grantor Trust.
Market context and valuation
OneStream shares have risen 28% year-to-date and were trading at $23.60, with a market capitalization reported at $5.79 billion. InvestingPro analysis cited in company reporting indicates the stock appears overvalued at current levels when measured against Fair Value metrics.
Acquisition and analyst reactions
Separately, OneStream announced a definitive agreement to be acquired by private equity firm Hg in an all-cash transaction valued at approximately $6.4 billion. The acquisition equates to $24.00 per share, a figure that sits above recent trading levels. In the wake of the announcement several analyst firms adjusted their ratings on OneStream stock. JPMorgan moved its rating from Neutral to Underweight. Wolfe Research changed its rating from Outperform to Peerperform. Loop Capital revised its view from Buy to Hold. Mizuho shifted from Outperform to Neutral. Guggenheim downgraded the stock from Buy to Neutral. These changes illustrate a broadly cautious stance among sell-side firms following the deal announcement.
Research availability
For investors seeking more detailed analysis of OneStreams financial position and growth prospects, a Pro Research Report is available for this company and for more than 1,400 other U.S. equities on InvestingPro.
Contextual note
The transactions, ownership figures, trading-plan details, market prices, market capitalization, acquisition terms, and analyst rating changes reported here reflect company and market disclosures associated with OneStream as of the dates and figures provided.