In a recent transaction, John Von Allmen, a major shareholder in OneStream, Inc. (NYSE:OS), sold a significant portion of his holdings in the company. The sale, which took place on July 25, 2024, involved the disposal of Class A Common Stock at a price of $18.85 per share, resulting in a total sale value of approximately $2.63 million.
The transaction was spread across four separate sales with the following details: 36,652 shares were sold directly by Von Allmen, while an additional 69,982 shares were sold indirectly through the Von Allmen 2021 Irrevocable Trust. Furthermore, 69,813 shares were disposed of via the Von Allmen Family Trust dated December 27, 2019, and another 26,180 shares through the 2021 Von Allmen Family Trust. It is important to note that Mr. Von Allmen has sole investment and voting power over the holdings in the 2021 Irrevocable Trust, and along with Elizabeth Von Allmen and The Trust Company of Oxford, serves as co-trustees for each of the Von Allmen Trusts.
After the transactions, the reporting documents indicated that Von Allmen's direct and indirect holdings in OneStream, Inc. dropped to zero shares. This substantial sale by a key insider might be of interest to current and potential investors, as insider transactions can often provide insights into a company's financial health and future prospects. However, the reasons behind Von Allmen's decision to sell at this specific time have not been disclosed.
OneStream, Inc., based in Rochester, Michigan, specializes in prepackaged software services and is recognized under the SIC code 7372. The company's stock is listed on the New York Stock Exchange under the ticker symbol OS.
InvestingPro Insights
In light of the recent insider transactions at OneStream, Inc. (NYSE:OS), where John Von Allmen sold a significant portion of his shares, investors might be seeking additional context on the company's financial standing. According to InvestingPro data, OneStream has a market capitalization of $6.45 billion USD, reflecting the market's valuation of the company. Despite not being profitable over the last twelve months, the company has recorded a substantial revenue growth of 39.93% in Q1 2024, which could indicate potential for future profitability.
The company's gross profit margin stands at an impressive 69.79% for the same period, suggesting that OneStream is efficient in its operations. However, it's important to note that the firm operates with a moderate level of debt and is trading at a high revenue valuation multiple, which could be a point of concern for value-focused investors. Additionally, OneStream is trading near its 52-week high, with its share price at 97% of this peak, potentially signaling a bullish market sentiment towards the stock.
For investors interested in a deeper analysis, there are additional InvestingPro Tips available that could provide further insights into OneStream's financial health and investment potential. These tips include an assessment of the company's debt levels and profitability, which are crucial factors to consider when evaluating a company's long-term sustainability. To explore these tips and more, visit InvestingPro and remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. Currently, there are 5 additional InvestingPro Tips listed for OneStream, Inc. that could help investors make more informed decisions.
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