King Luther Capital Management Corp grew its stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) by 149.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,068 shares of the company's stock after purchasing an additional 134,068 shares during the quarter. King Luther Capital Management Corp owned approximately 0.10% of Onestream worth $6,390,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atria Investments Inc acquired a new stake in shares of Onestream in the 3rd quarter valued at about $425,000. RiverPark Advisors LLC purchased a new stake in Onestream in the third quarter valued at approximately $92,000. First Horizon Advisors Inc. acquired a new stake in shares of Onestream in the third quarter valued at approximately $27,000. Primecap Management Co. CA purchased a new position in shares of Onestream during the third quarter worth approximately $9,017,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Onestream in the 3rd quarter valued at $26,493,000.
Onestream Stock Performance
Shares of OS opened at $20.96 on Wednesday. Onestream, Inc. has a 12-month low of $20.69 and a 12-month high of $35.39. The company has a 50-day moving average of $26.77 and a two-hundred day moving average of $29.31.
Onestream (NASDAQ:OS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. On average, equities research analysts expect that Onestream, Inc. will post 0.05 earnings per share for the current year.
Insider Activity at Onestream
In other news, President Craig Colby sold 280,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction 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 10,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total value of $250,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 313,765 shares of company stock valued at $9,247,850 over the last quarter.
Analyst Ratings Changes
A number of analysts recently weighed in on OS shares. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Morgan Stanley decreased their target price on shares of Onestream from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Guggenheim reissued a "buy" rating and set a $35.00 price target on shares of Onestream in a report on Wednesday, February 12th. JPMorgan Chase & Co. downgraded Onestream from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $30.00 to $26.00 in a research note on Wednesday, February 12th. Finally, Citigroup lowered their target price on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.11.
Check Out Our Latest Research Report on Onestream
Onestream Company Profile
(
Free Report)
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.
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