Barclays PLC Acquires 42,267 Shares of Ouster, Inc. (NYSE:OUST)

Barclays PLC grew its stake in Ouster, Inc. (NYSE:OUST) by 280.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other large investors also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ouster during the 2nd quarter worth about $27,000. Van ECK Associates Corp grew its stake in shares of Ouster by 28.4% in the third quarter. Van ECK Associates Corp now owns 7,264 shares of the company’s stock valued at $46,000 after buying an additional 1,608 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Ouster in the third quarter valued at $67,000. True North Advisors LLC acquired a new position in shares of Ouster during the 3rd quarter worth about $78,000. Finally, Intech Investment Management LLC bought a new stake in shares of Ouster in the 3rd quarter valued at about $81,000. Institutional investors own 31.45% of the company’s stock.

Analyst Upgrades and Downgrades

OUST has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Northland Securities assumed coverage on Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Cantor Fitzgerald raised Ouster from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.17.

Ouster Stock Performance

OUST opened at $10.60 on Monday. The firm has a market cap of $527.56 million, a P/E ratio of -4.12 and a beta of 2.39. The business’s fifty day moving average is $10.74 and its 200-day moving average is $9.45. Ouster, Inc. has a 52-week low of $4.65 and a 52-week high of $16.88.

Insider Buying and Selling at Ouster

In other news, CEO Charles Angus Pacala bought 50,954 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $9.79 per share, with a total value of $498,839.66. Following the acquisition, the chief executive officer now directly owns 769,957 shares in the company, valued at approximately $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the sale, the chief financial officer now directly owns 198,650 shares in the company, valued at $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. Insiders sold a total of 80,415 shares of company stock worth $748,620 over the last three months. Corporate insiders own 7.81% of the company’s stock.

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.