King Luther Capital Management Corp Invests $3.05 Million in Onestream, Inc. (NASDAQ:OS)

King Luther Capital Management Corp acquired a new position in shares of Onestream, Inc. (NASDAQ:OS - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 90,000 shares of the company's stock, valued at approximately $3,051,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OS. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the 3rd quarter worth $27,000. RiverPark Advisors LLC purchased a new position in Onestream during the third quarter worth about $92,000. TimesSquare Capital Management LLC acquired a new stake in Onestream in the third quarter valued at about $67,746,000. Atria Investments Inc purchased a new stake in Onestream in the 3rd quarter valued at approximately $425,000. Finally, Portside Wealth Group LLC acquired a new position in Onestream during the 3rd quarter worth approximately $593,000.

Insider Buying and Selling at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Burkland sold 63,608 shares of Onestream stock in a transaction on Monday, November 18th. The stock was sold at an average price of $31.00, for a total transaction of $1,971,848.00. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

OS has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of Onestream in a research note on Monday, August 19th. They set a "buy" rating and a $37.00 price target on the stock. Wolfe Research initiated coverage on shares of Onestream in a report on Monday, August 19th. They set an "outperform" rating and a $32.00 price objective on the stock. Robert W. Baird increased their target price on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Baird R W raised Onestream to a "strong-buy" rating in a research note on Thursday, August 1st. Finally, Scotiabank upped their price target on Onestream from $34.00 to $35.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Onestream currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.50.

Onestream Price Performance

Shares of Onestream stock opened at $31.47 on Friday. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39. The business's fifty day simple moving average is $31.31.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.