King Luther Capital Management Corp raised its holdings in OneStream, Inc. (NASDAQ:OS – Free Report) by 91.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 268,054 shares of the company’s stock after buying an additional 127,778 shares during the quarter. King Luther Capital Management Corp’s holdings in OneStream were worth $4,927,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in OneStream in the 3rd quarter valued at $27,000. Rhumbline Advisers bought a new stake in OneStream in the 1st quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its holdings in OneStream by 1,795.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,673 shares of the company’s stock valued at $49,000 after purchasing an additional 2,532 shares during the period. CWM LLC bought a new stake in OneStream in the 4th quarter valued at $181,000. Finally, Magnetar Financial LLC boosted its holdings in OneStream by 12.6% in the 3rd quarter. Magnetar Financial LLC now owns 10,920 shares of the company’s stock valued at $201,000 after purchasing an additional 1,220 shares during the period.
Insider Activity
In other news, President Scott Leshinski sold 7,412 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $23.68, for a total value of $175,516.16. Following the sale, the president directly owned 278,458 shares in the company, valued at approximately $6,593,885.44. This represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Ken Hohenstein sold 49,204 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $23.58, for a total value of $1,160,230.32. Following the completion of the sale, the executive owned 985,571 shares in the company, valued at approximately $23,239,764.18. This represents a 4.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 68,631 shares of company stock worth $1,619,662. 12.77% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on OS
OneStream Stock Performance
Shares of OS stock opened at $24.00 on Friday. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -85.71 and a beta of 1.99. The firm has a fifty day moving average of $23.97 and a 200-day moving average of $22.53.
OneStream (NASDAQ:OS – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. OneStream had a negative net margin of 8.36% and a positive return on equity of 11.28%. The company had revenue of $163.73 million during the quarter, compared to analysts’ expectations of $157.28 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than OneStream
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding OS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneStream, Inc. (NASDAQ:OS – Free Report).
Receive News & Ratings for OneStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneStream and related companies with MarketBeat.com's FREE daily email newsletter.
