King Luther Capital Management Corp Raises Holdings in Onestream, Inc. (NASDAQ:OS)

King Luther Capital Management Corp boosted its position in Onestream, Inc. (NASDAQ:OS) by 149.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,068 shares of the company’s stock after acquiring an additional 134,068 shares during the quarter. King Luther Capital Management Corp’s holdings in Onestream were worth $6,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in shares of Onestream in the 3rd quarter worth about $425,000. RiverPark Advisors LLC acquired a new stake in Onestream during the 3rd quarter worth approximately $92,000. First Horizon Advisors Inc. purchased a new position in Onestream in the third quarter valued at approximately $27,000. Primecap Management Co. CA acquired a new position in Onestream during the third quarter valued at approximately $9,017,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Onestream during the third quarter worth approximately $26,493,000.

Insiders Place Their Bets

In related news, President Craig Colby sold 280,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO William A. Koefoed sold 13,765 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,765 shares of company stock valued at $9,247,850.

Analysts Set New Price Targets

A number of brokerages have recently commented on OS. BMO Capital Markets cut their target price on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Guggenheim reissued a “buy” rating and issued a $35.00 price objective on shares of Onestream in a research report on Wednesday, February 12th. Citigroup reduced their price objective on Onestream from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on Onestream from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Onestream in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.11.

Onestream Stock Performance

Shares of NASDAQ OS opened at $20.96 on Wednesday. The stock’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $29.31. Onestream, Inc. has a 52-week low of $20.69 and a 52-week high of $35.39.

Onestream (NASDAQ:OS) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. On average, analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Onestream Company Profile

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.