Onestream (NASDAQ:OS) Updates FY 2024 Earnings Guidance

Onestream (NASDAQ:OS) 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.

Onestream Stock Performance

OS stock opened at $30.76 on Wednesday. Onestream has a 52-week low of $24.50 and a 52-week high of $31.90.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Guggenheim began coverage on Onestream in a research report on Monday, August 19th. They set a buy rating and a $34.00 price target on the stock. BTIG Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set a buy rating and a $37.00 target price on the stock. Wolfe Research initiated coverage on shares of Onestream in a research report on Monday, August 19th. They issued an outperform rating and a $32.00 price target for the company. Citigroup assumed coverage on shares of Onestream in a research note on Monday, August 19th. They issued a neutral rating and a $34.00 target price for the company. Finally, Needham & Company LLC assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued a buy rating and a $33.00 price target on the stock. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $33.20.

Insider Buying and Selling

In other Onestream news, President Craig Colby sold 200,502 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $3,779,462.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 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 $48,155,039.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Craig Colby sold 200,502 shares of the 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 90 days, insiders sold 2,775,146 shares of company stock worth $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.