Kara Wilson, a director at OneStream, Inc. (NASDAQ:OS), recently sold 5,760 shares of the company's Class A Common Stock. The shares were sold at a public offering price of $31 each, totaling $178,560. This transaction took place on November 27, 2024, as part of an underwritten public offering. Following this sale, Wilson no longer holds any shares of Class A Common Stock in OneStream.
Earlier, on November 25, Wilson acquired 5,760 shares of Class A Common Stock through the conversion of Class D Common Stock on a 1:1 basis. This acquisition did not involve any direct financial transaction as it was a conversion of shares. Prior to the sale, Wilson had engaged in several conversions and exchanges involving different classes of OneStream's stock, reflecting a strategic restructuring of her holdings.
In other recent news, OneStream Inc. announced a proposed underwritten public offering of 15 million shares of its Class A common stock. The offering includes shares from both OneStream and selling stockholders, with the company planning to use its share of the proceeds to buy LLC units from KKR Dream Holdings LLC. Morgan Stanley (NYSE:MS), J.P. Morgan, and KKR are leading the offering.
OneStream has also been the recipient of positive financial assessments from various firms. Piper Sandler maintained an Overweight rating and raised the price target to $37, following the company's 4% top-line beat and a $1 million increase in the forecast for the fourth quarter. BMO Capital initiated coverage with an Outperform rating, emphasizing OneStream's potential for market share growth and strong capabilities in data management, consolidation, and artificial intelligence/machine learning.
TD Cowen maintained its Buy rating on OneStream, highlighting the company's solid growth trends and potential for further expansion, while Loop Capital reiterated a Buy rating, pointing to the company's reduction in operating losses and the potential for market expansion. These recent developments suggest a positive outlook for OneStream, with various firms expressing confidence in the company's growth trajectory and market position.
InvestingPro Insights
As Kara Wilson's recent stock transactions at OneStream, Inc. (NASDAQ:OS) draw attention, it's worth examining some key financial metrics and insights provided by InvestingPro to gain a broader perspective on the company's current position.
OneStream's market capitalization stands at $7.5 billion, indicating a substantial valuation for a company that is not yet profitable over the last twelve months. This high valuation is further emphasized by InvestingPro data showing the company trading at a high revenue multiple and a Price to Book ratio of 21.57 as of the last twelve months ending Q3 2024.
Despite the lack of profitability, there are positive signals. InvestingPro Tips highlight that OneStream holds more cash than debt on its balance sheet, suggesting a strong liquidity position. This is corroborated by another tip indicating that the company's liquid assets exceed short-term obligations, which could provide financial flexibility as the company works towards profitability.
Interestingly, while the company is not currently profitable, analysts predict that OneStream will turn a profit this year. This optimism is reflected in the fact that six analysts have revised their earnings upwards for the upcoming period, as noted in the InvestingPro Tips.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights beyond those mentioned here. The platform currently lists 8 tips for OneStream, providing a deeper dive into the company's financial health and market position.
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