Ouster, Inc. (NYSE:OUST) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Ouster, Inc. (NYSE:OUST) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,191 shares of the company’s stock after acquiring an additional 4,900 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Ouster worth $968,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OUST. GSA Capital Partners LLP bought a new stake in shares of Ouster in the 3rd quarter valued at approximately $706,000. Geode Capital Management LLC increased its stake in Ouster by 6.8% during the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after purchasing an additional 62,202 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Ouster by 286.7% during the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock worth $376,000 after purchasing an additional 44,275 shares during the period. Barclays PLC lifted its position in shares of Ouster by 280.6% in the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after buying an additional 42,267 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Ouster by 2.4% in the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares during the period. Hedge funds and other institutional investors own 31.45% of the company’s stock.

Insider Activity at Ouster

In other news, CEO Charles Angus Pacala bought 50,954 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the transaction, the chief executive officer now directly owns 769,957 shares in the company, valued at $7,537,879.03. The trade was a 7.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Megan Chung sold 13,671 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $132,471.99. Following the completion of the transaction, the general counsel now directly owns 149,647 shares in the company, valued at $1,450,079.43. This trade represents a 8.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,500 shares of company stock valued at $469,814 in the last ninety days. Insiders own 7.81% of the company’s stock.

Ouster Trading Down 4.4 %

Shares of NYSE OUST opened at $7.98 on Friday. Ouster, Inc. has a one year low of $4.65 and a one year high of $16.88. The business has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $8.87. The firm has a market capitalization of $397.17 million, a price-to-earnings ratio of -3.11 and a beta of 2.38.

Analysts Set New Price Targets

Several analysts have weighed in on OUST shares. 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. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $12.00 to $10.00 in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus 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.