Geode Capital Management LLC Makes New $10.33 Million Investment in Onestream, Inc. (NASDAQ:OS)

Geode Capital Management LLC bought a new stake in Onestream, Inc. (NASDAQ:OS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 304,623 shares of the company’s stock, valued at approximately $10,331,000.

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in Onestream during the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new position in Onestream in the third quarter worth $77,000. RiverPark Advisors LLC bought a new stake in shares of Onestream during the third quarter worth $92,000. HighTower Advisors LLC acquired a new stake in shares of Onestream in the third quarter valued at $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Onestream in the third quarter valued at $325,000.

Onestream Stock Performance

Shares of NASDAQ:OS opened at $28.52 on Thursday. The company has a 50 day moving average price of $30.72. Onestream, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $35.39.

Insider Buying and Selling at Onestream

In other news, major shareholder Kkr Group Partnership L.P. sold 6,376,411 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $29.99, for a total transaction of $191,228,565.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Craig Colby sold 280,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,699,787 shares of company stock valued at $230,912,230.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Raymond James raised their price target on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, November 8th. The Goldman Sachs Group initiated coverage on Onestream in a report on Wednesday, December 11th. They set a “buy” rating and a $37.00 price objective on the stock. Robert W. Baird boosted their target price on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush initiated coverage on Onestream in a research note on Thursday, December 19th. They set an “outperform” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

Onestream Profile

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.