Ouster, Inc. (NYSE:OUST) Shares Purchased by State Street Corp

State Street Corp boosted its position in Ouster, Inc. (NYSE:OUST) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,649,540 shares of the company’s stock after acquiring an additional 37,926 shares during the quarter. State Street Corp owned 3.41% of Ouster worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ouster during the second quarter worth approximately $27,000. Van ECK Associates Corp grew its holdings in shares of Ouster by 28.4% during the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after purchasing an additional 1,608 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Ouster in the third quarter worth $67,000. True North Advisors LLC bought a new stake in Ouster in the 3rd quarter valued at about $78,000. Finally, Intech Investment Management LLC acquired a new position in shares of Ouster during the third quarter worth approximately $81,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Ouster Trading Up 7.0 %

Shares of OUST stock opened at $13.71 on Friday. The firm has a market capitalization of $682.36 million, a PE ratio of -5.33 and a beta of 2.50. Ouster, Inc. has a 12 month low of $4.65 and a 12 month high of $16.88. The firm has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $9.22.

Insider Activity at Ouster

In other Ouster news, General Counsel Megan Chung sold 13,671 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total transaction of $132,471.99. Following the sale, the general counsel now owns 149,647 shares in the company, valued at $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Weinswig sold 31,397 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total value of $273,781.84. Following the transaction, the chief financial officer now owns 198,650 shares in the company, valued at approximately $1,732,228. The trade was a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,415 shares of company stock worth $748,620. Insiders own 7.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Northland Capmk raised Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $12.00 to $10.00 in a research report on Monday, November 11th. Finally, Northland Securities began coverage on Ouster in a research report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.17.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.