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On December 13, William Koefoed, CFO of OneStream, Inc. (NASDAQ:OS), a company currently valued at $7.08 billion and trading at $29.71, executed a series of stock trades, according to a recent filing of the SEC. According to data from InvestingPro, the company maintains a solid financial position with more cash than debt on its balance sheet. Koefoed sold a total of 13,765 Class A common shares, and the sales were made 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 between $30.10 and $30.08. 30.74. Total proceeds from these sales amounted to approximately $412,917. The company maintains strong liquidity with a current ratio of 2.45, indicating healthy near-term financial stability.
Additionally, Koefoed exercised stock options to acquire 13,765 shares at a price of $10.65 per share, for a total of $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 more detailed information on insider trading 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 strong revenue growth, generating $459.5 million in the trailing 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 $37.00 price target, citing the company’s strong balance sheet and steady revenue growth.
In addition to this, OneStream announced a proposed underwritten public offering of 15 million shares of Class A common stock. The offering includes more than 9 million shares from selling shareholders and nearly 6 million shares of OneStream. Proceeds from your shares will be used to purchase LLC units of 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% increase in revenue and a $1 million increase in guidance for the fourth quarter. BMO Capital also initiated coverage with an Outperform rating, emphasizing OneStream’s potential for market share growth and its strong 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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