Norges Bank Purchases New Stake in Onestream, Inc. (NASDAQ:OS)

Norges Bank acquired a new position in shares of Onestream, Inc. (NASDAQ:OS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,180,000 shares of the company’s stock, valued at approximately $119,214,000. Norges Bank owned 1.78% of Onestream as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stephens assumed coverage on Onestream in a research report on Wednesday, March 19th. They set an “overweight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. downgraded Onestream from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $26.00 in a report on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Onestream in a research note on Wednesday, February 12th. Wedbush initiated coverage on Onestream in a research report on Thursday, December 19th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Morgan Stanley reduced their target price on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.37.

Insider Activity at Onestream

In related 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 value of $250,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Onestream Stock Performance

Shares of OS opened at $21.34 on Tuesday. Onestream, Inc. has a one year low of $20.00 and a one year high of $35.39. The stock has a 50-day moving average of $25.22 and a 200-day moving average of $28.58.

Onestream (NASDAQ:OS) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. As a group, analysts forecast that Onestream, Inc. will post 0.05 EPS for the current year.

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.