King Luther Capital Management Corp Acquires Shares of 90,000 Onestream, Inc. (NASDAQ:OS)

King Luther Capital Management Corp bought a new position in shares of Onestream, Inc. (NASDAQ:OS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 90,000 shares of the company’s stock, valued at approximately $3,051,000.

A number of other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in Onestream during the third quarter worth approximately $27,000. RiverPark Advisors LLC bought a new stake in shares of Onestream during the 3rd quarter valued at $92,000. Precision Wealth Strategies LLC acquired a new stake in shares of Onestream during the 3rd quarter worth $338,000. Atria Investments Inc acquired a new stake in shares of Onestream during the 3rd quarter worth $425,000. Finally, US Bancorp DE bought a new position in shares of Onestream in the third quarter worth $569,000.

Insider Buying and Selling at Onestream

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OS shares. BTIG Research began coverage on shares of Onestream in a research report on Monday, August 19th. They set a “buy” rating and a $37.00 price objective for the company. Wolfe Research started coverage on shares of Onestream in a report on Monday, August 19th. They set an “outperform” rating and a $32.00 price target for the company. Raymond James lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Citigroup started coverage on Onestream in a report on Monday, August 19th. They issued a “neutral” rating and a $34.00 target price on the stock. Two equities 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 company’s stock. According to data from MarketBeat.com, Onestream presently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

Onestream Price Performance

NASDAQ OS opened at $31.47 on Friday. The company has a fifty day simple moving average of $31.31. Onestream, Inc. has a 12-month low of $24.50 and a 12-month high of $35.39.

Onestream Profile

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.