Barclays PLC Boosts Position in Ouster, Inc. (NYSE:OUST)

Barclays PLC boosted its holdings in shares of Ouster, Inc. (NYSE:OUST) by 280.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,330 shares of the company’s stock after buying an additional 42,267 shares during the quarter. Barclays PLC owned 0.12% of Ouster worth $361,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ouster during the 2nd quarter worth approximately $27,000. Van ECK Associates Corp increased its holdings in shares of Ouster by 28.4% during the 3rd 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 in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Ouster during the 3rd quarter valued at approximately $67,000. True North Advisors LLC purchased a new position in shares of Ouster during the 3rd quarter valued at approximately $78,000. Finally, Intech Investment Management LLC purchased a new position in shares of Ouster during the 3rd quarter valued at approximately $81,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ouster

In other Ouster news, General Counsel Megan Chung sold 13,671 shares of Ouster stock in a transaction on Thursday, December 12th. The shares were 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 of the company’s stock, valued at $1,450,079.43. The trade was a 8.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mark Frichtl bought 5,045 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $9.78 per share, for a total transaction of $49,340.10. Following the purchase, the chief technology officer now owns 513,121 shares in the company, valued at $5,018,323.38. The trade was a 0.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 80,415 shares of company stock valued at $748,620. 7.81% of the stock is owned by company insiders.

Ouster Stock Performance

Ouster stock opened at $14.64 on Friday. The company’s fifty day moving average price is $9.78 and its 200 day moving average price is $9.29. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88. The stock has a market capitalization of $728.65 million, a P/E ratio of -5.70 and a beta of 2.50.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Northland Securities assumed coverage on shares of Ouster in a report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Ouster in a report on Friday, November 8th. Northland Capmk raised shares of Ouster to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the company from $12.00 to $10.00 in a report on Monday, November 11th. 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 data from MarketBeat.com, Ouster currently has an average 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.