New York State Common Retirement Fund Grows Stock Position in Onestream, Inc. (NASDAQ:OS)

New York State Common Retirement Fund boosted its stake in shares of Onestream, Inc. (NASDAQ:OS) by 80.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,581 shares of the company’s stock after acquiring an additional 11,867 shares during the quarter. New York State Common Retirement Fund’s holdings in Onestream were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. TimesSquare Capital Management LLC bought a new stake in Onestream in the 3rd quarter worth $67,746,000. Temasek Holdings Private Ltd purchased a new stake in shares of Onestream during the third quarter worth about $37,290,000. Soros Fund Management LLC purchased a new stake in shares of Onestream during the third quarter worth about $33,900,000. FMR LLC bought a new stake in shares of Onestream in the third quarter worth about $29,381,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Onestream during the 3rd quarter valued at about $26,493,000.

Onestream Stock Performance

Onestream stock opened at $22.69 on Tuesday. Onestream, Inc. has a twelve month low of $21.75 and a twelve month high of $35.39. The stock’s 50 day moving average is $27.67 and its 200 day moving average is $29.64.

Onestream (NASDAQ:OS) last released its earnings results on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. On average, research analysts anticipate that Onestream, Inc. will post 0.05 EPS for the current year.

Insider Activity at Onestream

In other Onestream news, President Craig Colby sold 280,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,765 shares of company stock valued at $9,247,850.

Analyst Ratings Changes

Several research firms have weighed in on OS. JPMorgan Chase & Co. cut Onestream from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $26.00 in a report on Wednesday, February 12th. Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group initiated coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price target on the stock. Citigroup decreased their price objective on shares of Onestream from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Scotiabank lifted their target price on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.11.

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.