Vanguard Group Inc. Raises Stake in Ouster, Inc. (NYSE:OUST)

Vanguard Group Inc. boosted its holdings in shares of Ouster, Inc. (NYSE:OUST) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,634,680 shares of the company’s stock after purchasing an additional 155,736 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Ouster worth $44,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OUST. New York State Common Retirement Fund raised its holdings in shares of Ouster by 25.8% during the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company’s stock worth $9,281,000 after purchasing an additional 155,640 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Ouster by 66.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 275,433 shares of the company’s stock worth $3,366,000 after purchasing an additional 110,181 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Ouster during the 4th quarter valued at about $1,118,000. Geode Capital Management LLC lifted its holdings in shares of Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Ouster in the fourth quarter worth about $593,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OUST. Oppenheimer began coverage on Ouster in a research report on Thursday, March 27th. They set an “outperform” rating and a $16.00 price target for the company. Cantor Fitzgerald boosted their target price on shares of Ouster from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, March 21st. Finally, Westpark Capital initiated coverage on Ouster in a research report on Monday, March 17th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ouster presently has a consensus rating of “Buy” and an average price target of $14.57.

Insider Transactions at Ouster

In related news, General Counsel Megan Chung sold 5,800 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the transaction, the general counsel now directly owns 220,762 shares in the company, valued at approximately $2,481,364.88. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 9,099 shares of company stock valued at $90,460 over the last ninety days. Insiders own 7.81% of the company’s stock.

Ouster Trading Down 0.7 %

OUST stock opened at $7.05 on Friday. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $16.88. The business’s 50-day moving average is $8.76 and its 200 day moving average is $9.19. The stock has a market cap of $350.89 million, a price-to-earnings ratio of -2.74 and a beta of 2.23.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.