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

King Luther Capital Management Corp lowered its position in OneStream, Inc. (NASDAQ:OS) by 58.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,276 shares of the company’s stock after selling 200,902 shares during the period. King Luther Capital Management Corp owned about 0.06% of OneStream worth $2,585,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in OneStream by 10.1% in the third quarter. Vanguard Group Inc. now owns 8,605,839 shares of the company’s stock valued at $158,606,000 after acquiring an additional 786,408 shares during the period. Norges Bank acquired a new stake in shares of OneStream during the second quarter worth about $179,524,000. Brown Advisory Inc. lifted its holdings in shares of OneStream by 6.4% during the 2nd quarter. Brown Advisory Inc. now owns 2,602,154 shares of the company’s stock valued at $73,641,000 after purchasing an additional 157,257 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of OneStream by 9,577.4% during the 2nd quarter. Marshall Wace LLP now owns 1,989,102 shares of the company’s stock valued at $56,292,000 after purchasing an additional 1,968,548 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of OneStream by 26.4% in the 2nd quarter. American Century Companies Inc. now owns 1,653,179 shares of the company’s stock valued at $46,785,000 after purchasing an additional 345,566 shares during the period.

Insider Activity

In other news, CAO Pamela Mcintyre sold 6,505 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was 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 owned 58,847 shares in the company, valued at $1,387,612.26. This trade represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William A. Koefoed sold 9,571 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $17.73, for a total value of $169,693.83. Following the sale, the chief financial officer owned 206,127 shares in the company, valued at $3,654,631.71. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 236,076 shares of company stock worth $5,254,682 in the last quarter. Corporate insiders own 12.77% of the company’s stock.

OneStream Trading Down 0.5%

OneStream stock opened at $23.49 on Friday. The company has a market cap of $5.73 billion, a P/E ratio of -48.94 and a beta of 2.05. OneStream, Inc. has a 1-year low of $16.51 and a 1-year high of $29.66. The company has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $20.39.

Analyst Upgrades and Downgrades

Several brokerages have commented on OS. Wedbush downgraded shares of OneStream from an “outperform” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, January 6th. Wolfe Research downgraded shares of OneStream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Guggenheim lowered shares of OneStream from a “buy” rating to a “neutral” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $24.00 price objective (up from $23.00) on shares of OneStream in a research report on Friday, January 16th. Finally, Robert W. Baird set a $24.00 target price on shares of OneStream in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, OneStream has a consensus rating of “Hold” and an average target price of $25.38.

OneStream Company Profile

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.