The sale of OneStream shares marks a notable financial maneuver by KKR, reflecting its ongoing strategy in managing its investment portfolio. Investors may find this development significant as it provides insights into KKR's current stance and future expectations regarding OneStream's market performance. With the company's next earnings report due on December 4, analysts maintain a bullish outlook with a consensus target suggesting potential upside. For deeper insights into OneStream's valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro. With the company's next earnings report due on December 4, analysts maintain a bullish outlook with a consensus target suggesting potential upside. For deeper insights into OneStream's valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
The sale of OneStream shares marks a notable financial maneuver by KKR, reflecting its ongoing strategy in managing its investment portfolio. Investors may find this development significant as it provides insights into KKR's current stance and future expectations regarding OneStream's market performance. With the company's next earnings report due on December 4, analysts maintain a bullish outlook with a consensus target suggesting potential upside. For deeper insights into OneStream's valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
The sale of OneStream shares marks a notable financial maneuver by KKR, reflecting its ongoing strategy in managing its investment portfolio. Investors may find this development significant as it provides insights into KKR's current stance and future expectations regarding OneStream's market performance.
In other recent news, OneStream Inc. announced a proposed underwritten public offering of 15 million shares of its Class A common stock. The offering, led by Morgan Stanley (NYSE:MS), J.P. Morgan, and KKR, includes 9 million shares from selling stockholders and nearly 6 million shares from OneStream. Proceeds from OneStream's shares will be used to purchase LLC units from KKR Dream Holdings LLC.
In terms of recent financial assessments, Piper Sandler maintained an Overweight rating for OneStream, raising the price target to $37. This came after the company's recent quarter results showed a 4% top-line beat and a $1 million increase in the forecast for the fourth quarter. Subscription growth rate hit 39%, surpassing the estimated 35%, and the company secured another seven-figure contract.
BMO (TSX:BMO) Capital initiated coverage with an Outperform rating, highlighting OneStream's potential for market share growth and strong capabilities in data management, consolidation, and artificial intelligence/machine learning. The firm anticipates OneStream to surpass conservative near-term financial estimates, which could positively impact both revenue and earnings.
TD (TSX:TD) Cowen maintained its Buy rating on OneStream, highlighting the company's solid growth trends and potential for further expansion. Loop Capital reiterated a Buy rating, pointing to the company's reduction in operating losses and the potential for market expansion. These developments suggest a positive outlook for OneStream, with various firms expressing confidence in the company's growth trajectory and market position.
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