On December 13, William Koefoed, the Chief Financial Officer of OneStream, Inc. (NASDAQ:OS), a company currently valued at $7.08 billion and trading at $29.71, executed a series of stock transactions, according to a recent SEC filing. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet. Koefoed sold a total of 13,765 shares of Class A Common Stock, with sales occurring in two tranches. The first tranche involved the sale of 7,569 shares at a weighted average price within the range of $29.09 to $30.08, while the second tranche included 6,196 shares sold at an average price ranging from $30.10 to $30.74. The total proceeds from these sales amounted to approximately $412,917. The company maintains strong liquidity with a current ratio of 2.45, indicating healthy short-term financial stability.
Additionally, Koefoed exercised stock options to acquire 13,765 shares at a price of $10.65 per share, totaling $146,597. These transactions were part of a pre-arranged trading plan under Rule 10b5-1, which Koefoed had adopted earlier in the year. For deeper insights into insider transactions and comprehensive financial analysis, including 7 additional key ProTips, visit InvestingPro.
In other recent news, OneStream Inc. has been generating significant attention in the investment community. The company reported robust revenue growth, generating $459.5 million in the last twelve months, and maintaining a healthy gross profit margin of 63.9%. Goldman Sachs initiated coverage on OneStream, assigning a Buy rating and setting a price target of $37.00, citing the company’s strong balance sheet and consistent revenue growth.
In addition to this, OneStream announced a proposed underwritten public offering of 15 million shares of its Class A common stock. The offering includes over 9 million shares from selling stockholders and nearly 6 million shares from OneStream. The proceeds from its shares will be used to purchase LLC units from KKR Dream Holdings LLC.
Piper Sandler maintained an Overweight rating on OneStream, raising the price target to $37, following the company’s recent quarter results. This was supported by a 4% top-line beat and a $1 million increase in the forecast for the fourth quarter. BMO Capital also initiated coverage with an Outperform rating, emphasizing OneStream’s potential for market share growth and robust capabilities in data management, consolidation, and artificial intelligence/machine learning. These recent developments highlight a positive outlook for OneStream in the competitive software industry.
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