New York State Common Retirement Fund Has $11 Million Stock Position in Ouster, Inc. $OUST

New York State Common Retirement Fund reduced its position in shares of Ouster, Inc. (NYSE:OUST) by 11.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 406,471 shares of the company’s stock after selling 54,579 shares during the period. New York State Common Retirement Fund owned about 0.70% of Ouster worth $10,995,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OUST. Invesco Ltd. increased its holdings in shares of Ouster by 1,521.8% during the second quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares in the last quarter. AQR Capital Management LLC grew its position in Ouster by 610.1% during the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock worth $2,661,000 after acquiring an additional 254,580 shares during the last quarter. HRT Financial LP acquired a new stake in Ouster during the 2nd quarter valued at $5,683,000. SG Americas Securities LLC bought a new position in Ouster in the 3rd quarter valued at $5,224,000. Finally, Marshall Wace LLP raised its position in Ouster by 29.0% in the 2nd quarter. Marshall Wace LLP now owns 687,260 shares of the company’s stock valued at $16,666,000 after purchasing an additional 154,353 shares during the last quarter. 31.45% of the stock is owned by institutional investors.

Ouster Stock Down 0.3%

Shares of OUST stock opened at $20.27 on Wednesday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -7.89 and a beta of 2.93. Ouster, Inc. has a 12 month low of $6.34 and a 12 month high of $41.65. The stock has a 50-day moving average price of $23.95 and a 200 day moving average price of $26.92.

Insider Activity at Ouster

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of Ouster stock in a transaction on Friday, December 19th. The shares were sold at an average price of $21.47, for a total transaction of $36,391.65. Following the completion of the sale, the director owned 123,664 shares of the company’s stock, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Megan Chung sold 5,837 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $27.24, for a total transaction of $158,999.88. Following the sale, the general counsel owned 183,141 shares of the company’s stock, valued at $4,988,760.84. The trade was a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,227 shares of company stock valued at $238,411. 6.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on OUST. Zacks Research cut Ouster from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Northland Securities set a $38.00 price objective on shares of Ouster in a report on Wednesday, November 5th. Westpark Capital restated a “buy” rating and issued a $50.00 price objective on shares of Ouster in a research report on Wednesday, November 5th. Oppenheimer reaffirmed an “outperform” rating on shares of Ouster in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald set a $33.00 price target on shares of Ouster in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Ouster has an average rating of “Moderate Buy” and an average target price of $32.17.

Ouster Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.