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

Norges Bank acquired a new position in shares of Onestream, Inc. (NASDAQ:OS) during the fourth quarter, Holdings Channel reports. The fund acquired 4,180,000 shares of the company’s stock, valued at approximately $119,214,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Onestream in the 3rd quarter worth approximately $5,617,000. FMR LLC bought a new stake in Onestream during the third quarter worth $29,381,000. Verition Fund Management LLC purchased a new position in Onestream in the third quarter worth $341,000. Holocene Advisors LP bought a new position in Onestream in the 3rd quarter valued at $6,950,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Onestream during the 3rd quarter valued at $222,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OS. BMO Capital Markets reduced their price target on shares of Onestream from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Stephens assumed coverage on shares of Onestream in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $27.00 target price on the stock. Citigroup decreased their price target on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Morgan Stanley dropped their price objective on Onestream from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Guggenheim reissued a “buy” rating and issued a $35.00 target price on shares of Onestream in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Onestream currently has an average rating of “Moderate Buy” and an average price target of $34.37.

Onestream Stock Down 2.8 %

Onestream stock opened at $21.34 on Tuesday. The firm’s 50 day simple moving average is $25.22 and its 200 day simple moving average is $28.58. Onestream, Inc. has a 1-year low of $20.00 and a 1-year high of $35.39.

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

Insider Buying and Selling at Onestream

In other news, CFO William A. Koefoed sold 10,000 shares of the stock in a transaction on 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 document filed with the SEC, which is available at this hyperlink.

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.