Onestream (NASDAQ:OS) Issues Q3 2024 Earnings Guidance

Onestream (NASDAQ:OS) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of -0.010-0.010 for the period, compared to the consensus EPS 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

Several brokerages recently commented on OS. Scotiabank assumed coverage on shares of Onestream in a research report on Monday, August 19th. They set a sector outperform rating and a $34.00 price objective on the stock. Baird R W raised Onestream to a strong-buy rating in a research report on Thursday, August 1st. BTIG Research began coverage on Onestream in a report on Monday, August 19th. They issued a buy rating and a $37.00 price target for the company. TD Cowen assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued a buy rating and a $34.00 price target for the company. Finally, Loop Capital started coverage on Onestream in a research note on Monday, August 19th. They set a buy rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Onestream presently has a consensus rating of Moderate Buy and an average price target of $34.07.

Onestream Trading Down 1.9 %

Shares of OS stock opened at $29.02 on Friday. Onestream has a 12-month low of $24.50 and a 12-month high of $32.49.

Insider Buying and Selling at Onestream

In related news, President Craig Colby sold 200,502 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $3,779,462.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Onestream news, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Craig Colby sold 200,502 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $3,779,462.70. The disclosure for this sale can be found here. Over the last quarter, 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.