King Luther Capital Management Corp Acquires 111,110 Shares of OneStream, Inc. (NASDAQ:OS)

Key Points

• King Luther Capital Management Corp increased its position in OneStream, Inc. by 49.6% in Q1, owning 335,178 shares worth approximately $7.15 million after purchasing an additional 111,110 shares.
• Wall Street analysts have mixed views on OneStream, with price targets ranging from $28.00 to $30.81, and a consensus rating of "Moderate Buy".
• OneStream reported $147.59 million in revenue for the most recent quarter, exceeding estimates and marking a 25.6% annual growth rate.

King Luther Capital Management Corp boosted its holdings in OneStream, Inc. (NASDAQ:OS - Free Report) by 49.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,178 shares of the company's stock after purchasing an additional 111,110 shares during the quarter. King Luther Capital Management Corp owned about 0.14% of OneStream worth $7,153,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OS. Rhumbline Advisers acquired a new stake in OneStream during the 1st quarter worth $35,000. IFP Advisors Inc lifted its position in OneStream by 10.6% during the 1st quarter. IFP Advisors Inc now owns 6,506 shares of the company's stock worth $139,000 after acquiring an additional 624 shares during the period. Blue Trust Inc. grew its stake in shares of OneStream by 4,980.0% in the 1st quarter. Blue Trust Inc. now owns 10,160 shares of the company's stock valued at $217,000 after purchasing an additional 9,960 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of OneStream during the fourth quarter worth approximately $238,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of OneStream during the fourth quarter worth $242,000.

OneStream Price Performance

Shares of OS stock traded down $0.86 on Thursday, hitting $19.79. 1,622,890 shares of the stock traded hands, compared to its average volume of 1,462,625. The company's fifty day moving average is $25.70 and its 200 day moving average is $24.70. OneStream, Inc. has a 1-year low of $16.69 and a 1-year high of $35.39. The company has a market capitalization of $4.72 billion and a PE ratio of -13.28.

OneStream (NASDAQ:OS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. OneStream had a negative net margin of 45.07% and a negative return on equity of 27.54%. The firm had revenue of $147.59 million for the quarter, compared to analysts' expectations of $141.10 million. The company's quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities research analysts expect that OneStream, Inc. will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. William Blair initiated coverage on OneStream in a research report on Tuesday, May 20th. They issued an "outperform" rating for the company. Mizuho reduced their price objective on shares of OneStream from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Morgan Stanley lowered their target price on shares of OneStream from $34.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. BNP Paribas started coverage on shares of OneStream in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $30.00 price target for the company. Finally, Bank of America boosted their price target on OneStream from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.81.

Insider Buying and Selling

In other news, Director John Kinzer sold 30,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $28.26, for a total transaction of $847,800.00. Following the completion of the transaction, the director owned 7,130 shares in the company, valued at approximately $201,493.80. This trade represents a 80.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas Anthony Shea sold 9,913 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.23, for a total transaction of $279,843.99. Following the sale, the chief executive officer owned 496,854 shares of the company's stock, valued at $14,026,188.42. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,973 shares of company stock worth $5,300,358. Company insiders own 12.77% of the company's stock.

About OneStream

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.