Onestream director Kara Wilson sells shares for $1.19 million

In a recent transaction, Kara Wilson, a director at OneStream, Inc. (NASDAQ:OS), sold 38,397 shares of the company's Class A Common Stock. The shares were sold at a public offering price of $31 each, amounting to a total transaction value of approximately $1.19 million. This sale was part of an underwritten public offering completed on November 18, 2024.

Prior to the sale, Wilson had acquired the shares through a conversion of Class D Common Stock, which was exchanged on a 1:1 basis for Class A Common Stock. Following the sale, Wilson no longer holds any shares of Class A Common Stock directly.

OneStream, Inc., a provider of prepackaged software services, is headquartered in Birmingham, Michigan.

In other recent news, OneStream Inc. announced a proposed underwritten public offering of 15 million shares of its Class A common stock. The offering is led by Morgan Stanley (NYSE:MS), J.P. Morgan, and KKR, with additional financial institutions participating as managers and co-managers. OneStream plans to use the proceeds from its shares to buy LLC units from KKR Dream Holdings LLC.

In a series of positive financial assessments, Piper Sandler maintained an Overweight rating for OneStream, raising the price target to $37 following the company's recent quarter results. The quarter showed a 4% top-line beat and a $1 million increase in the forecast for the fourth quarter. The company's subscription growth rate hit 39%, surpassing the estimated 35%.

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. They anticipate OneStream will surpass conservative near-term financial estimates, positively impacting both revenue and earnings.

TD Cowen maintained its Buy rating on OneStream, highlighting the company's solid growth trends and potential for further expansion. Similarly, 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

Following the recent sale of shares by director Kara Wilson, investors may be interested in additional insights about OneStream, Inc. (NASDAQ:OS). According to InvestingPro data, the company's market capitalization stands at $7.07 billion, reflecting its significant presence in the prepackaged software services sector.

OneStream's financial performance shows mixed signals. While the company boasts a robust revenue growth of 20.69% in the most recent quarter, it is currently not profitable over the last twelve months. This is reflected in its negative P/E ratio of -26.38 for the last twelve months as of Q3 2024.

InvestingPro Tips highlight that OneStream holds more cash than debt on its balance sheet, which could provide financial flexibility in its growth strategy. Additionally, liquid assets exceed short-term obligations, suggesting a strong liquidity position. These factors may be particularly relevant given the company's current unprofitability and high growth trajectory.

It's worth noting that the stock has taken a significant hit over the last week, with a 1-week price total return of -9.76%. This recent dip could be related to the director's share sale or broader market conditions. Despite this short-term volatility, the stock has shown resilience over longer periods, with a 6-month price total return of 12.59%.

Investors should be aware that OneStream is trading at a high Price / Book multiple of 21.4, which may indicate market optimism about the company's future prospects or potential overvaluation. This metric, combined with the company's growth rate and market position, could be factors driving investor interest despite current profitability challenges.

For those seeking a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide a deeper understanding of OneStream's financial health and market position. There are 8 more InvestingPro Tips available for OneStream, which could offer valuable perspectives for potential investors.

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