Squarepoint Ops LLC Has $7.64 Million Stock Holdings in Ouster, Inc. $OUST

Squarepoint Ops LLC boosted its stake in Ouster, Inc. (NASDAQ:OUST) by 98.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,148 shares of the company’s stock after buying an additional 60,458 shares during the quarter. Squarepoint Ops LLC owned approximately 0.17% of Ouster worth $7,637,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OUST. NewEdge Advisors LLC boosted its position in Ouster by 2,532.6% during the second quarter. NewEdge Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 1,089 shares during the last quarter. Larson Financial Group LLC increased its position in Ouster by 118.8% in the 4th quarter. Larson Financial Group LLC now owns 1,965 shares of the company’s stock worth $43,000 after purchasing an additional 1,067 shares during the last quarter. Allworth Financial LP raised its stake in shares of Ouster by 40.3% during the 2nd quarter. Allworth Financial LP now owns 1,190 shares of the company’s stock worth $74,000 after purchasing an additional 342 shares in the last quarter. Orion Capital Management LLC raised its stake in shares of Ouster by 195.7% during the 2nd quarter. Orion Capital Management LLC now owns 1,511 shares of the company’s stock worth $94,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SHP Wealth Management acquired a new stake in shares of Ouster during the 4th quarter valued at about $96,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OUST. Roth Capital started coverage on Ouster in a research note on Friday, May 29th. They issued a “buy” rating and a $75.00 price target for the company. Citigroup reaffirmed an “outperform” rating on shares of Ouster in a research report on Tuesday, July 21st. Northland Securities set a $60.00 price target on Ouster and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a research report on Wednesday, August 12th. Finally, Oppenheimer restated an “outperform” rating and issued a $57.00 price objective (up from $42.00) on shares of Ouster in a research note on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

Insider Transactions at Ouster

In related news, Director Stephen Skaggs sold 3,614 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.18, for a total value of $163,280.52. Following the completion of the transaction, the director directly owned 61,415 shares in the company, valued at approximately $2,774,729.70. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kenneth Gianella sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $45.33, for a total value of $1,813,200.00. Following the completion of the transaction, the chief financial officer directly owned 261,014 shares of the company’s stock, valued at approximately $11,831,764.62. This trade represents a 13.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 76,695 shares of company stock valued at $3,470,567. Company insiders own 5.72% of the company’s stock.

Ouster Stock Performance

NASDAQ OUST opened at $35.23 on Friday. Ouster, Inc. has a twelve month low of $16.40 and a twelve month high of $63.79. The stock has a market cap of $2.54 billion, a PE ratio of -40.96 and a beta of 3.25. The firm has a 50-day simple moving average of $39.79 and a 200 day simple moving average of $33.69.

Ouster (NASDAQ:OUST) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.14). The firm had revenue of $54.63 million for the quarter, compared to the consensus estimate of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. Research analysts forecast that Ouster, Inc. will post -1.07 earnings per share for the current fiscal year.

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.