Ouster, Inc. $OUST Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in Ouster, Inc. (NYSE:OUST) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,642 shares of the company’s stock after selling 125,869 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Ouster worth $1,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised 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 buying an additional 478,372 shares in the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 536,413 shares in the last quarter. Algert Global LLC increased its position 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 in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ouster during the third quarter worth about $9,193,000. 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. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Oppenheimer reiterated an “outperform” rating and set a $40.00 target price on shares of Ouster in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald cut Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Insider Activity at Ouster

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, CTO Mark Frichtl sold 60,000 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $26.58, for a total value of $1,594,800.00. Following the completion of the transaction, the chief technology officer owned 712,297 shares in the company, valued at $18,932,854.26. This trade represents a 7.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 303,409 shares of company stock worth $7,524,471 in the last quarter. Company insiders own 6.63% of the company’s stock.

Ouster Stock Performance

OUST opened at $26.80 on Tuesday. The business’s 50-day simple moving average is $22.55 and its 200-day simple moving average is $23.36. Ouster, Inc. has a one year low of $9.77 and a one year high of $41.65. The stock has a market capitalization of $1.68 billion, a P/E ratio of -10.43 and a beta of 3.06.

Ouster Company 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.