6,343,592 Shares in OneStream, Inc. $OS Acquired by Norges Bank

Norges Bank purchased a new stake in shares of OneStream, Inc. (NASDAQ:OS) in the second quarter, Holdings Channel.com reports. The fund purchased 6,343,592 shares of the company’s stock, valued at approximately $179,524,000.

Several other institutional investors have also recently bought and sold shares of the business. EFG Asset Management North America Corp. acquired a new position in OneStream in the second quarter worth $1,408,000. Champlain Investment Partners LLC raised its holdings in shares of OneStream by 17.4% in the first quarter. Champlain Investment Partners LLC now owns 4,037,595 shares of the company’s stock valued at $86,162,000 after buying an additional 598,757 shares during the last quarter. Optimize Financial Inc bought a new position in shares of OneStream in the first quarter valued at about $343,000. Voleon Capital Management LP lifted its position in OneStream by 52.7% during the 1st quarter. Voleon Capital Management LP now owns 66,753 shares of the company’s stock worth $1,425,000 after buying an additional 23,028 shares in the last quarter. Finally, Alkeon Capital Management LLC acquired a new position in OneStream during the 1st quarter worth about $53,910,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of OneStream from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. BMO Capital Markets increased their price target on shares of OneStream from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wedbush dropped their price objective on shares of OneStream from $35.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Mizuho reduced their price objective on OneStream from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of OneStream in a research report on Friday, September 19th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.81.

OneStream Stock Performance

Shares of OS stock opened at $20.61 on Tuesday. The firm’s 50 day moving average price is $19.37 and its two-hundred day moving average price is $22.58. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $32.04. The stock has a market cap of $5.02 billion, a PE ratio of -42.94 and a beta of 1.96.

OneStream (NASDAQ:OS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. OneStream had a positive return on equity of 9.65% and a negative net margin of 14.50%.The company had revenue of $154.30 million for the quarter, compared to the consensus estimate of $148.16 million. During the same quarter in the prior year, the business posted ($1.06) EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS. Q4 2025 guidance at 0.040-0.070 EPS. As a group, sell-side analysts predict that OneStream, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at OneStream

In other OneStream news, CFO William A. Koefoed sold 8,943 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $19.03, for a total value of $170,185.29. Following the transaction, the chief financial officer owned 221,983 shares of the company’s stock, valued at approximately $4,224,336.49. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Kinzer sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.00, for a total value of $600,000.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 118,943 shares of company stock worth $2,191,785. 12.77% of the stock is owned by insiders.

OneStream Company Profile

OneStream, Inc is a holding company, which engages in the development of an 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. The company was founded by Craig Colby and Thomas Shea on October 15, 2021 and is headquartered in Birmingham, MI.