How are energy investors positioned?
John Kinzer, a director at OneStream , Inc. (NASDAQ:OS), recently sold 40,000 shares of the company's Class A common stock. The transaction, executed on April 9, was carried out under a pre-established Rule 10b5-1 trading plan. The sale comes as OneStream, currently valued at $4.9 billion, has seen its stock decline over 31% in the past six months. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The shares were sold at an average price of $20.28, resulting in a total sale value of $811,200.
Following the sale, Kinzer holds no shares directly. The transaction was conducted through the John E. Kinzer Trust, where Kinzer serves as a trustee. The sale price ranged from $20.00 to $20.57 per share.
In other recent news, OneStream, Inc. reported its fourth quarter financial results, revealing a 29% increase in revenue to $132.5 million compared to the previous year. Despite the revenue growth, the company experienced a GAAP operating loss of $47.4 million, influenced by significant equity-based compensation expenses. Subscription revenue saw a robust 35% increase, reaching $118.6 million. For the fiscal year 2024, total revenue rose by 31% to $489.4 million, but the GAAP operating loss widened to $319.5 million. Analyst reactions were mixed, with JPMorgan downgrading the stock to Neutral and lowering the price target to $26.00, while Goldman Sachs and Raymond (NSE:RYMD) James maintained their positive ratings but adjusted price targets. Additionally, OneStream achieved FedRAMP High authorization, enhancing its security credentials for U.S. federal agencies. In executive changes, co-founder Craig Colby will become the chief success officer, and Ken Hohenstein will join as an executive officer effective May 1, 2025. Stephens initiated coverage of OneStream with an Overweight rating, highlighting potential growth opportunities despite challenges in brand awareness.
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