Geode Capital Management LLC Makes New $10.33 Million Investment in Onestream, Inc. (NASDAQ:OS)

Geode Capital Management LLC bought a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 304,623 shares of the company's stock, valued at approximately $10,331,000. Geode Capital Management LLC owned about 0.13% of Onestream as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OS. Renaissance Capital LLC acquired a new stake in Onestream in the 3rd quarter worth approximately $1,032,000. US Bancorp DE acquired a new stake in shares of Onestream in the third quarter worth $569,000. Temasek Holdings Private Ltd bought a new stake in shares of Onestream during the 3rd quarter worth $37,290,000. Townsquare Capital LLC acquired a new position in Onestream in the 3rd quarter valued at $3,667,000. Finally, Stifel Financial Corp bought a new position in Onestream in the 3rd quarter worth $2,030,000.

Onestream Trading Down 0.9 %

OS stock traded down $0.26 during midday trading on Thursday, hitting $28.26. The company's stock had a trading volume of 1,458,431 shares, compared to its average volume of 872,171. The business has a fifty day moving average price of $30.72. Onestream, Inc. has a twelve month low of $24.50 and a twelve month high of $35.39.

Insider Activity

In related news, CFO William A. Koefoed sold 13,765 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $30.00, for a total transaction of $412,950.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Burkland sold 9,541 shares of Onestream stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $31.00, for a total transaction of $295,771.00. The disclosure for this sale can be found here. Insiders sold 7,699,787 shares of company stock worth $230,912,230 in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OS shares. Robert W. Baird upped their price target on shares of Onestream from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They set an "outperform" rating and a $40.00 target price for the company. BMO Capital Markets began coverage on shares of Onestream in a report on Monday, September 23rd. They issued an "outperform" rating and a $38.00 price target for the company. Piper Sandler increased their target price on shares of Onestream from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Raymond James lifted their target price on Onestream from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.83.

Onestream Company 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.