Jonathan D. Mariner, a director at OneStream, Inc. (NASDAQ:OS), recently completed significant stock transactions involving the company's Class A Common Stock. According to a filing with the Securities and Exchange Commission, Mariner sold a total of 5,760 shares on November 27, 2024.
The transactions were part of an underwritten public offering, with shares sold at a public offering price of $31 each. The total sale amounted to $178,560. This included 4,973 shares sold directly, amounting to $154,163, and an additional 787 shares sold indirectly through the Jonathan D. Mariner Revocable Trust, totaling $24,397.
These sales follow a series of conversions of Class D Common Stock into Class A Common Stock, which occurred on November 25, 2024. The conversions were made on a 1:1 basis, resulting in the acquisition of 4,973 shares directly and 787 shares indirectly through the trust.
Mariner's transactions reflect his involvement in the recent follow-on offering by OneStream, as previously disclosed in the company's prospectus.
In other recent news, OneStream Inc. has been at the center of significant financial developments. The company disclosed the launch of a proposed underwritten public offering of 15 million shares of its Class A common stock. The proceeds from OneStream's shares will be used to buy LLC units from KKR Dream Holdings LLC.
In addition to this, the company has been the subject of positive financial assessments from several firms. Piper Sandler maintained an Overweight rating while raising the price target to $37, following OneStream's impressive performance and promising growth prospects. BMO Capital initiated coverage with an Outperform rating, emphasizing OneStream's potential for market share growth and strong capabilities in data management, consolidation, and artificial intelligence/machine learning. TD Cowen maintained its Buy rating on OneStream, highlighting the company's solid growth trends and potential for further expansion.
These recent developments indicate a positive outlook for OneStream, with various firms expressing confidence in the company's growth trajectory and market position. However, it's important to note that these assessments are based on the company's recent performance and do not guarantee future success. Investors should monitor OneStream's ongoing developments and financial performance.
InvestingPro Insights
To provide additional context to Jonathan D. Mariner's recent stock transactions at OneStream, Inc. (NASDAQ:OS), it's worth examining some key financial metrics and analyst insights from InvestingPro.
OneStream's market capitalization stands at $7.5 billion, indicating a substantial valuation for the company. This valuation is particularly noteworthy given that OneStream is not currently profitable, with a negative P/E ratio of -26.6 over the last twelve months as of Q3 2023. However, InvestingPro Tips reveal that analysts predict the company will become profitable this year, which could explain the high valuation multiples.
The company's revenue growth remains strong, with a 20.69% increase in the most recent quarter. This growth, combined with a healthy gross profit margin of 63.9%, suggests that OneStream has a solid foundation for future profitability. An InvestingPro Tip highlights that six analysts have revised their earnings upwards for the upcoming period, indicating growing confidence in the company's financial trajectory.
Despite the recent stock sales by the director, OneStream's share price has shown resilience, with a 19.14% total return over the past year. The stock is currently trading at 85.79% of its 52-week high, which may suggest room for further appreciation if the company meets or exceeds profitability expectations.
It's also worth noting that OneStream holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations. These factors provide financial flexibility and reduce risk, which could be attractive to potential investors considering the company's growth prospects.
For readers interested in a more comprehensive analysis, InvestingPro offers additional tips and insights beyond those mentioned here. In fact, there are 8 more InvestingPro Tips available for OneStream, which could provide valuable context for understanding the company's financial position and future outlook.
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