Onestream (NASDAQ:OS) Issues 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 guidance of -0.050-0.010 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

OS has been the topic of several research analyst reports. Raymond James began coverage on Onestream in a research note on Monday, August 19th. They set an outperform rating and a $32.00 target price on the stock. Bank of America upped 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. Citigroup assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set a neutral rating and a $34.00 target price on the stock. Wolfe Research initiated coverage on shares of Onestream in a research report on Monday, August 19th. They set an outperform rating and a $32.00 price target on the stock. Finally, TD Cowen assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued a buy rating and a $34.00 price objective for the company. Two equities 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’s stock. According to data from MarketBeat.com, Onestream has an average rating of Moderate Buy and an average price target of $33.73.

Onestream Stock Performance

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

Insider Activity at Onestream

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 transaction of $3,779,462.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Onestream news, 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 stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Craig Colby sold 200,502 shares of the company’s 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 disclosure for this sale can be found here. In the last three months, insiders have 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.