American Century Companies Inc. Purchases 14,875 Shares of Ouster, Inc. $OUST

American Century Companies Inc. grew its position in Ouster, Inc. (NYSE:OUST) by 40.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,882 shares of the company’s stock after purchasing an additional 14,875 shares during the period. American Century Companies Inc.’s holdings in Ouster were worth $466,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in Ouster in the 1st quarter valued at approximately $39,000. FNY Investment Advisers LLC bought a new stake in shares of Ouster in the first quarter worth $49,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ouster in the first quarter worth $97,000. CWM LLC lifted its position in shares of Ouster by 1,094.9% in the first quarter. CWM LLC now owns 11,591 shares of the company’s stock worth $104,000 after purchasing an additional 10,621 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Ouster by 9,703.8% in the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company’s stock worth $138,000 after purchasing an additional 15,235 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

Ouster Stock Down 3.1%

OUST opened at $27.47 on Friday. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $36.25. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -10.69 and a beta of 2.75. The business has a 50 day moving average of $26.96 and a 200-day moving average of $16.44.

Wall Street Analyst Weigh In

Several brokerages have commented on OUST. Westpark Capital raised shares of Ouster from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $19.00 target price on shares of Ouster in a report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $15.95.

Ouster 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.