Tom Shea, CEO of OneStream (OS), talks about how the company has used A.I. for "almost a decade" and its evolution over the years.
OneStream, a finance software company, went public at $20 per share and has since rallied, showcasing 30%+ revenue growth amid tighter business conditions. The company offers a comprehensive financial software suite powered by AI, targeting the evolving needs of modern CFOs for strategic decision-making and real-time analysis. Despite competition from giants like Workday and Oracle, OneStream's AI capabilities, hybrid pricing model and significant TAM of $50 billion make it a compelling investment.
OneStream's IPO raised $409M, focusing on subscription software contracts with high margins, targeting financial planning and analysis for mid-market enterprises. Despite current losses, OneStream is nearing breakeven with a 98% gross retention rate, leveraging a global ecosystem of over 250 partners. Key risks include unproven executive team and post-IPO performance, but profitability could trigger significant investor interest and stock compounding.
On September 30, 2024, Kayne Anderson Rudnick Investment Management LLC made a significant move in the stock market by acquiring 4,207,001 shares of OneStream Inc (OS, Financial). This transaction marked a new holding for the firm, purchased at a price of $33.90 per share.
BMO Capital Markets initiated coverage on OneStream Inc. OS, an enterprise Finance management platform provider.
On Monday, multiple analysts initiated coverage on OneStream, Inc. OS. The company started trading on July 25, 2024, and set a price range of $23.00-$26.00 with a 180-day lockup period.
Recent new issue OneStream and Ferrari are at new highs and in buy zones. The relative strength line is at a new high for OneStream.
OneStream aims to be the operating system for modern finance, offering a digital finance cloud with various financial functions. The company has seen a successful public debut, offering SaaS software with >30% sales growth while displaying on operating leverage. Despite solid growth and operating leverage, its high sales multiples and potentially higher stock-based compensation make me cautious here.
Detroit-area software provider OneStream, Inc. is having its initial public offering today. It is the latest tech company to go public this year and is a further sign that the IPO market, though still sluggish, is showing signs of life after a few lackluster years that saw fewer companies go public as economic and inflationary concerns rattled the markets.
Financial software firm OneStream (NASDAQ: OS ) just launched its initial public offering (IPO) to much fanfare. OS stock gained almost 30% in the early afternoon session amid a sign that the market for new public listings is steadily improving.
KKR-backed OneStream's shares rose nearly 30% in their Nasdaq debut on Wednesday, signaling investor demand for fresh offerings in 2024.
OneStream is attempting to raise $465.5 million in an initial public offering (IPO). The cloud-based enterprise finance platform revealed its plans in a filing with the Securities and Exchange Commission Monday (July 15).