Ouster, Inc. $OUST Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Ouster, Inc. (NYSE:OUST) by 43.2% during the fourth quarter, HoldingsChannel reports. The fund owned 276,578 shares of the company’s stock after purchasing an additional 83,448 shares during the period. SG Americas Securities LLC’s holdings in Ouster were worth $5,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. raised its stake in Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after acquiring an additional 536,413 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ouster by 11.3% in the third quarter. Vanguard Group Inc. now owns 4,720,264 shares of the company’s stock valued at $127,683,000 after acquiring an additional 478,372 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Ouster in the third quarter valued at $9,193,000. Algert Global LLC grew its holdings in shares of Ouster by 192.6% during the third quarter. Algert Global LLC now owns 500,902 shares of the company’s stock worth $13,549,000 after purchasing an additional 329,735 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Ouster by 1,419.5% during the third quarter. Handelsbanken Fonder AB now owns 310,205 shares of the company’s stock worth $8,385,000 after purchasing an additional 289,790 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Wall Street Analysts Forecast Growth

OUST has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $40.00 target price on shares of Ouster in a report on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Ouster in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Ouster Price Performance

Shares of NYSE:OUST opened at $18.37 on Wednesday. Ouster, Inc. has a 1-year low of $6.34 and a 1-year high of $41.65. The stock has a market cap of $1.15 billion, a P/E ratio of -7.15 and a beta of 2.91. The firm has a fifty day moving average price of $20.65 and a 200 day moving average price of $24.64.

Insiders Place Their Bets

In related news, COO Darien Spencer sold 10,938 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $256,277.34. Following the transaction, the chief operating officer owned 325,250 shares in the company, valued at $7,620,607.50. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles Angus Pacala sold 24,657 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $23.43, for a total value of $577,713.51. Following the sale, the chief executive officer directly owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. This represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 108,409 shares of company stock valued at $2,456,848. 6.63% of the stock is owned by insiders.

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.