KKR & Co. entities have sold shares in OneStream, Inc. (NYSE:OS), a provider of corporate performance management software, in a series of transactions. The sales totaled approximately $48.2 million, with the shares being sold at a price of $18.85 each.
The entities involved in the transactions include KKR NGT (Dream) Blocker Parent L.P., KKR NGT (Dream) Blocker Parent (EEA) L.P., KKR Associates NGT L.P., KKR Next Gen Tech Growth Ltd, K-PRIME AG Financing LP, and others. These entities are affiliated with KKR & Co., a global investment firm that manages multiple alternative asset classes.
The sales occurred on July 25, 2024, and were disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC) on July 29, 2024. The SEC filing details the disposal of OneStream Class A Common Stock by the reporting entities, which are significant shareholders in the company.
The Form 4 filing indicates that KKR entities executed sales of OneStream shares at a consistent price of $18.85 per share, which represents the secondary public offering price per share of Class A Common Stock less the underwriting discount. The transactions are part of a series of non-derivative transactions that reflect changes in ownership of the company’s stock.
The sale of shares by major investors such as KKR entities can be of interest to the market as it may signal changes in the investment firm's view of the company’s prospects or a reallocation of its investment portfolio. Investors often monitor such transactions for insights into market sentiment and the strategic moves of institutional investors.
OneStream, Inc. is known for its software solutions that streamline financial operations for organizations, helping with tasks such as financial close, consolidation, reporting, planning, analytics, and financial data quality. The company operates in a competitive sector where innovation and customer satisfaction are key to maintaining market share and driving growth.
Investors in OneStream, Inc. will likely follow the company’s performance and the actions of significant shareholders like KKR entities to assess the potential impact on the company’s stock and overall market valuation.
InvestingPro Insights
As KKR & Co. entities have recently sold a significant portion of their shares in OneStream, Inc. (NYSE:OS), investors are keenly observing the company's financial health and market performance. Here are some insights based on real-time data from InvestingPro that may help in assessing OneStream's current standing in the market:
OneStream, Inc. has a market capitalization of approximately $6.45 billion, which is a substantial figure that reflects the company's size and the market's valuation of its worth. Despite not being profitable over the last twelve months, OneStream has shown a robust revenue growth of nearly 40% in Q1 2024, which could be indicative of the company's potential for future profitability and its ability to scale operations effectively.
The company's gross profit margin stands at an impressive 69.79% for the same period, suggesting that OneStream is able to maintain a high level of efficiency in its operations. However, it's worth noting that the company is currently trading at a high revenue valuation multiple, and its shares are trading near their 52-week high, with prices at 97% of this peak. This could signal that the stock is valued optimistically by the market, possibly reflecting investor confidence in OneStream's growth trajectory.
For investors looking for more in-depth analysis, there are additional InvestingPro Tips available that could provide further insights into OneStream's financials and market position. It is also important to note that OneStream operates with a moderate level of debt and does not pay a dividend to shareholders, which could influence investment strategies depending on individual investor preferences for income-generating assets versus growth-oriented investments.
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