Norges Bank Takes $109.80 Million Position in OneStream, Inc. $OS

Norges Bank bought a new stake in OneStream, Inc. (NASDAQ:OS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,974,029 shares of the company’s stock, valued at approximately $109,803,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OS. Royal Bank of Canada raised its holdings in shares of OneStream by 588.4% in the first quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after purchasing an additional 54,505 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of OneStream by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock valued at $23,530,000 after purchasing an additional 371,520 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of OneStream in the first quarter valued at about $35,000. Cetera Investment Advisers purchased a new stake in shares of OneStream in the second quarter valued at about $343,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of OneStream in the second quarter valued at about $370,000.

OneStream Stock Performance

NASDAQ OS opened at $24.00 on Friday. OneStream, Inc. has a 52-week low of $16.51 and a 52-week high of $29.66. The company has a 50-day simple moving average of $23.99 and a 200 day simple moving average of $22.59. The company has a market capitalization of $5.90 billion, a PE ratio of -85.71 and a beta of 1.99.

Analyst Upgrades and Downgrades

Separately, BTIG Research downgraded shares of OneStream from a “buy” rating to a “hold” rating in a report on Friday, February 27th. Seventeen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $24.24.

Insider Buying and Selling

In other OneStream news, President Scott Leshinski sold 7,412 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $23.68, for a total transaction of $175,516.16. Following the completion of the transaction, the president owned 278,458 shares in the company, valued at $6,593,885.44. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Ken Hohenstein sold 10,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $23.62, for a total transaction of $236,200.00. Following the transaction, the executive owned 985,571 shares of the company’s stock, valued at $23,279,187.02. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 68,631 shares of company stock worth $1,619,662. Insiders own 12.77% of the company’s stock.

OneStream Profile

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.