Onestream (NASDAQ:OS) Issues Q3 2024 Earnings Guidance

Onestream (NASDAQ:OS) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.010-0.010 for the period, compared to the consensus estimate of 0.000. The company issued revenue guidance of $123.0 million-$125.0 million, compared to the consensus revenue estimate of $123.6 million. Onestream also updated its FY 2024 guidance to -0.050-0.010 EPS.

Analyst Ratings Changes

A number of research analysts recently commented on OS shares. BTIG Research began coverage on Onestream in a report on Monday, August 19th. They issued a buy rating and a $37.00 price objective on the stock. Guggenheim upped their price objective on Onestream from $34.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday. Morgan Stanley assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set an equal weight rating and a $29.00 price target on the stock. Loop Capital assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a buy rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Onestream in a research report on Monday, August 19th. They issued an overweight rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $34.07.

Onestream Trading Down 1.9 %

Shares of NASDAQ OS opened at $29.02 on Friday. Onestream has a 52 week low of $24.50 and a 52 week high of $32.49.

Insider Buying and Selling

In other news, CFO William A. Koefoed sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $377,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO William A. Koefoed sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $377,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,775,146 shares of company stock valued at $52,311,502.

Onestream Company Profile

Our vision is to be the operating system for modern Finance by unifying core financial functions and empowering the CFO to become a critical driver of business strategy and execution. OneStream delivers a unified, AI-enabled and extensible software platform—the Digital Finance Cloud—that modernizes and increases the strategic impact of the Office of the CFO.