Ouster, Inc. (NYSE:OUST) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC grew its stake in Ouster, Inc. (NYSE:OUST) by 916.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,270 shares of the company’s stock after purchasing an additional 7,456 shares during the period. AlphaQuest LLC’s holdings in Ouster were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Ouster by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 101,959 shares of the company’s stock valued at $1,246,000 after buying an additional 1,074 shares during the period. SG Americas Securities LLC raised its holdings in Ouster by 19.9% in the 4th 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 period. Rhumbline Advisers raised its holdings in Ouster by 6.6% in the 4th quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock worth $968,000 after purchasing an additional 4,900 shares during the period. Legato Capital Management LLC raised its holdings in Ouster by 16.3% in the 4th quarter. Legato Capital Management LLC now owns 65,860 shares of the company’s stock worth $805,000 after purchasing an additional 9,228 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ouster by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,388 shares of the company’s stock worth $4,489,000 after purchasing an additional 10,981 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Price Performance

OUST stock opened at $8.16 on Wednesday. The business has a 50 day simple moving average of $9.58 and a 200-day simple moving average of $8.90. The firm has a market capitalization of $406.13 million, a PE ratio of -3.18 and a beta of 2.38. Ouster, Inc. has a 1 year low of $4.75 and a 1 year high of $16.88.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Westpark Capital started coverage on Ouster in a report on Monday. They set a “hold” rating for the company. Finally, Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.17.

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.