Norges Bank Takes Position in Onestream, Inc. (NASDAQ:OS)

Norges Bank purchased a new stake in shares of Onestream, Inc. (NASDAQ:OS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,180,000 shares of the company's stock, valued at approximately $119,214,000. Norges Bank owned 1.78% of Onestream at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OS. Geode Capital Management LLC purchased a new stake in Onestream during the third quarter valued at approximately $10,331,000. Diversified Trust Co purchased a new stake in shares of Onestream in the 4th quarter worth $1,004,000. Temasek Holdings Private Ltd purchased a new stake in shares of Onestream in the 3rd quarter worth $37,290,000. State Street Corp purchased a new position in Onestream during the third quarter valued at $3,878,000. Finally, Stifel Financial Corp bought a new stake in Onestream during the third quarter valued at about $2,030,000.

Insider Buying and Selling

In other news, CFO William A. Koefoed sold 10,000 shares of Onestream stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of brokerages recently issued reports on OS. Morgan Stanley cut their price objective on Onestream from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of Onestream in a research note on Wednesday, February 12th. Citigroup lowered their price target on Onestream from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. downgraded shares of Onestream from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Finally, Stephens assumed coverage on shares of Onestream in a research note on Wednesday, March 19th. They set an "overweight" rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Onestream has an average rating of "Moderate Buy" and a consensus target price of $34.37.

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Onestream Stock Performance

NASDAQ:OS traded down $2.08 during midday trading on Friday, hitting $18.08. 1,444,015 shares of the company traded hands, compared to its average volume of 1,180,402. The firm's fifty day moving average is $24.48 and its 200-day moving average is $28.35. Onestream, Inc. has a 12-month low of $17.96 and a 12-month high of $35.39.

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

Onestream Company 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.