King Luther Capital Management Corp Has $2.59 Million Stake in OneStream, Inc. $OS

King Luther Capital Management Corp reduced its position in shares of OneStream, Inc. (NASDAQ:OS) by 58.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,276 shares of the company’s stock after selling 200,902 shares during the quarter. King Luther Capital Management Corp’s holdings in OneStream were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. acquired a new position in shares of OneStream during the 2nd quarter worth approximately $1,408,000. Fortress Investment Group LLC lifted its holdings in OneStream by 1,888.5% during the 2nd quarter. Fortress Investment Group LLC now owns 198,846 shares of the company’s stock valued at $5,627,000 after purchasing an additional 188,846 shares during the last quarter. Evergreen Capital Management LLC bought a new position in OneStream during the third quarter worth $6,392,000. Handelsbanken Fonder AB acquired a new position in shares of OneStream in the second quarter valued at $464,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of OneStream in the third quarter valued at $4,526,000.

Insider Buying and Selling

In other OneStream news, CRO Ken Hohenstein sold 60,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $23.46, for a total transaction of $1,407,600.00. Following the transaction, the executive owned 990,961 shares in the company, valued at $23,247,945.06. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Pamela Mcintyre sold 6,505 shares of OneStream stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $23.58, for a total value of $153,387.90. Following the completion of the transaction, the chief accounting officer directly owned 58,847 shares of the company’s stock, valued at $1,387,612.26. This represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 236,076 shares of company stock valued at $5,254,682 over the last 90 days. 12.77% of the stock is owned by corporate insiders.

OneStream Trading Down 0.5%

Shares of OS opened at $23.49 on Friday. OneStream, Inc. has a 12 month low of $16.51 and a 12 month high of $29.66. The firm’s 50 day moving average is $21.91 and its 200-day moving average is $20.39. The stock has a market capitalization of $5.73 billion, a PE ratio of -48.94 and a beta of 2.05.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OS shares. Piper Sandler set a $24.00 target price on shares of OneStream in a research note on Monday, February 2nd. Capital One Financial set a $24.00 price target on shares of OneStream in a report on Wednesday, January 7th. UBS Group set a $24.00 price objective on shares of OneStream in a research report on Friday, January 16th. Wedbush downgraded OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price on the stock. in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of OneStream in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.38.

About OneStream

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.