SG Americas Securities LLC Makes New $5.22 Million Investment in Ouster, Inc. $OUST

SG Americas Securities LLC bought a new stake in Ouster, Inc. (NYSE:OUST) in the third quarter, Holdings Channel.com reports. The firm bought 193,130 shares of the company’s stock, valued at approximately $5,224,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Ouster by 8.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,190,545 shares of the company’s stock valued at $28,876,000 after acquiring an additional 95,510 shares in the last quarter. Marshall Wace LLP lifted its stake in Ouster by 29.0% in the 2nd quarter. Marshall Wace LLP now owns 687,260 shares of the company’s stock worth $16,666,000 after purchasing an additional 154,353 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 536,413 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ouster by 610.1% in the first quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after purchasing an additional 254,580 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in shares of Ouster in the second quarter valued at approximately $5,683,000. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Trading Up 0.7%

Shares of OUST opened at $27.87 on Friday. The company’s 50-day moving average price is $23.52 and its 200 day moving average price is $26.89. Ouster, Inc. has a 12-month low of $6.34 and a 12-month high of $41.65. The firm has a market cap of $1.67 billion, a P/E ratio of -10.84 and a beta of 2.93.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OUST. Zacks Research lowered Ouster from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Westpark Capital reissued a “buy” rating and set a $50.00 price target on shares of Ouster in a research report on Wednesday, November 5th. Northland Securities set a $38.00 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 target price on shares of Ouster in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Insider Transactions at Ouster

In related news, General Counsel Megan Chung sold 5,837 shares of Ouster stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $31.02, for a total value of $181,063.74. Following the completion of the sale, the general counsel owned 197,199 shares in the company, valued at approximately $6,117,112.98. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ted L. Tewksbury III sold 1,695 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $21.47, for a total value of $36,391.65. Following the completion of the sale, the director directly owned 123,664 shares in the company, valued at approximately $2,655,066.08. The trade was a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,227 shares of company stock valued at $260,474. Company insiders own 6.63% of the company’s stock.

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.