In a recent move observed within OneStream, Inc. (NYSE:OS), a significant stock transaction was carried out by Ken Hohenstein, who is identified as a ten percent owner of the company. On July 25, 2024, Hohenstein sold a total of 17,402 shares of OneStream's Class A Common Stock at the price of $18.85 per share, amounting to a total transaction value of $328,027.
This transaction has brought Hohenstein's ownership in the company to zero shares following the sale, indicating a complete divestment of his stake on the reported date. The sale price of $18.85 reflects the market valuation of OneStream's stock at the time of the transaction.
OneStream, Inc., headquartered in Rochester, Michigan, operates in the prepackaged software industry and is incorporated in Delaware. The company specializes in providing a range of software solutions and services.
Investors and market watchers often keep an eye on insider transactions as they can provide insights into the company's performance and insider perspectives on the stock's value. However, it is also common for insiders to sell stock for personal financial management reasons, unrelated to their outlook on the company's future performance.
The transaction was officially filed with the Securities and Exchange Commission on July 29, 2024, providing transparency to the public and shareholders regarding insider activities within OneStream, Inc.
InvestingPro Insights
Following the recent insider transaction at OneStream, Inc. (NYSE:OS), where Ken Hohenstein divested his entire stake, current and potential investors may be considering the company's financial health and market position. According to InvestingPro data, OneStream has a market capitalization of $6.45 billion USD. Despite the company's notable revenue growth of 39.93% in Q1 2024, OneStream is not profitable over the last twelve months, which is reflected in its negative P/E ratio of -196.74.
OneStream's gross profit margin stands strong at 69.79% for the last twelve months as of Q1 2024, yet the company operates with an operating income margin of -3.55%, indicating some challenges in converting revenues to operating income. Moreover, OneStream is trading near its 52-week high with its price at 97.0% of this peak, and its current price is $28 USD, which is above the InvestingPro fair value estimate of $20.23 USD.
An InvestingPro Tip worth noting is that OneStream operates with a moderate level of debt, which could be a factor in the company's overall financial strategy. Additionally, it's important to mention that OneStream does not pay a dividend to shareholders, which might influence the investment decisions of those seeking regular income from their stock holdings. For investors seeking more in-depth analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/OS, which can provide a more comprehensive view of OneStream's financial landscape.
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