Onestream (NASDAQ:OS - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.050-0.010 for the period, compared to the consensus estimate of -0.030. The company issued revenue guidance of $476.0 million-$480.0 million, compared to the consensus revenue estimate of $477.3 million. Onestream also updated its Q3 2024 guidance to -0.010-0.010 EPS.
Analyst Ratings Changes
A number of analysts recently commented on OS shares. Bank of America boosted their price objective on shares of Onestream from $35.00 to $36.00 and gave the stock a buy rating in a report on Wednesday. Robert W. Baird upped their price target on Onestream from $32.00 to $35.00 and gave the stock an outperform rating in a report on Wednesday. Truist Financial reaffirmed a buy rating and set a $37.00 price objective (up from $35.00) on shares of Onestream in a report on Wednesday. Baird R W raised Onestream to a strong-buy rating in a report on Thursday, August 1st. Finally, Loop Capital initiated coverage on Onestream in a research note on Monday, August 19th. They set a buy rating and a $35.00 price target for the company. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $34.07.
Get Our Latest Stock Report on Onestream
Onestream Price Performance
Shares of Onestream stock traded down $1.19 during trading hours on Wednesday, reaching $29.57. 1,065,208 shares of the company's stock were exchanged, compared to its average volume of 570,397. Onestream has a 52-week low of $24.50 and a 52-week high of $32.49.
Insiders Place Their Bets
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 legal filing with the SEC, which is available through this link. In related news, President Craig Colby sold 200,502 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 $3,779,462.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business's stock in a transaction dated Thursday, July 25th. The shares were 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. In the last ninety days, insiders have sold 2,775,146 shares of company stock valued at $52,311,502.
About Onestream
(
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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.
Further Reading
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