304,623 Shares in Onestream, Inc. (NASDAQ:OS) Acquired by Geode Capital Management LLC

Geode Capital Management LLC acquired a new stake in Onestream, Inc. (NASDAQ:OS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 304,623 shares of the company’s stock, valued at approximately $10,331,000. Geode Capital Management LLC owned approximately 0.13% of Onestream as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Renaissance Capital LLC acquired a new position in shares of Onestream in the third quarter worth about $1,032,000. US Bancorp DE purchased a new stake in Onestream during the 3rd quarter worth approximately $569,000. Temasek Holdings Private Ltd acquired a new position in shares of Onestream in the 3rd quarter valued at approximately $37,290,000. Townsquare Capital LLC purchased a new position in shares of Onestream during the 3rd quarter valued at approximately $3,667,000. Finally, Stifel Financial Corp acquired a new stake in shares of Onestream during the third quarter worth approximately $2,030,000.

Insider Activity

In other news, CFO William A. Koefoed sold 13,765 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $30.00, for a total value of $412,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Craig Colby sold 280,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $29.71, for a total transaction of $8,318,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,699,787 shares of company stock valued at $230,912,230 over the last 90 days.

Wall Street Analysts Forecast Growth

OS has been the subject of a number of research reports. Wedbush began coverage on Onestream in a research note on Thursday, December 19th. They issued an “outperform” rating and a $40.00 price target for the company. Morgan Stanley lifted their target price on Onestream from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group started coverage on Onestream in a research report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial reiterated a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Onestream Trading Down 1.2 %

Shares of OS opened at $28.52 on Thursday. Onestream, Inc. has a 12 month low of $24.50 and a 12 month high of $35.39. The business’s fifty day simple moving average is $30.72.

About Onestream

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.