Scalar Gauge Management LLC Purchases New Shares in Onestream, Inc. (NASDAQ:OS)

Scalar Gauge Management LLC purchased a new stake in Onestream, Inc. (NASDAQ:OS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,947 shares of the company's stock, valued at approximately $2,023,000. Onestream makes up approximately 0.9% of Scalar Gauge Management LLC's holdings, making the stock its 23rd largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Onestream in the fourth quarter valued at $119,214,000. JPMorgan Chase & Co. lifted its stake in Onestream by 5,118.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,879 shares of the company's stock worth $45,543,000 after acquiring an additional 1,566,276 shares in the last quarter. Alliancebernstein L.P. boosted its position in Onestream by 122.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,679 shares of the company's stock worth $70,321,000 after acquiring an additional 1,357,860 shares during the period. Vanguard Group Inc. grew its stake in Onestream by 51.2% during the 4th quarter. Vanguard Group Inc. now owns 3,746,578 shares of the company's stock valued at $106,852,000 after acquiring an additional 1,268,733 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Onestream in the 3rd quarter valued at about $37,290,000.

Onestream Stock Performance

Shares of NASDAQ:OS traded down $1.84 on Friday, hitting $18.33. 356,627 shares of the company were exchanged, compared to its average volume of 1,174,226. The company's 50 day moving average price is $24.73 and its two-hundred day moving average price is $28.43. Onestream, Inc. has a one year low of $18.01 and a one year high of $35.39.

Onestream (NASDAQ:OS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Equities research analysts anticipate that Onestream, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on OS. Citigroup lowered their price objective on shares of Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stephens began coverage on Onestream in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $27.00 target price on the stock. The Goldman Sachs Group cut their price target on shares of Onestream from $36.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, March 28th. BMO Capital Markets decreased their price objective on shares of Onestream from $38.00 to $34.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered Onestream from an "overweight" rating to a "neutral" rating and cut their target price for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.37.

Insider Activity at Onestream

In other Onestream news, CFO William A. Koefoed sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $250,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Onestream Profile

OneStream, Inc is a holding company, which engages in the development of 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. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.