Russell Investments Group Ltd. Has $1.08 Million Holdings in Ouster, Inc. (NYSE:OUST)

Russell Investments Group Ltd. grew its position in Ouster, Inc. (NYSE:OUST) by 67.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,318 shares of the company’s stock after buying an additional 35,521 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ouster were worth $1,079,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in Ouster by 18.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company’s stock valued at $85,000 after acquiring an additional 1,063 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Ouster by 916.0% in the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company’s stock valued at $101,000 after purchasing an additional 7,456 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Ouster in the fourth quarter worth $154,000. SVB Wealth LLC acquired a new position in Ouster during the fourth quarter worth $163,000. Finally, SG Americas Securities LLC boosted its holdings in Ouster by 19.9% during the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock worth $240,000 after purchasing an additional 3,261 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.

Ouster Stock Performance

NYSE OUST opened at $6.74 on Tuesday. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The stock has a market cap of $335.46 million, a PE ratio of -2.62 and a beta of 2.23. The firm has a 50-day moving average of $8.37 and a 200-day moving average of $9.24.

Wall Street Analysts Forecast Growth

OUST has been the topic of several analyst reports. Oppenheimer assumed coverage on shares of Ouster in a research report on Thursday, March 27th. They set an “outperform” rating and a $16.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, March 21st. Westpark Capital began coverage on Ouster in a research note on Monday, March 17th. They set a “hold” rating on the stock. Cantor Fitzgerald raised 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. Finally, UBS Group set a $16.00 price target on shares of Ouster in a research report on Thursday, March 27th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ouster presently has an average rating of “Buy” and an average price target of $14.57.

Insider Transactions at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of Ouster stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares of the company’s stock, valued at approximately $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 9,099 shares of company stock worth $90,460 over the last quarter. Company insiders own 7.81% of the company’s stock.

Ouster Company Profile

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.