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

Barclays PLC raised its holdings in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 280.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 57,330 shares of the company's stock after purchasing an additional 42,267 shares during the period. Barclays PLC owned 0.12% of Ouster worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OUST. Rhumbline Advisers purchased a new position in Ouster during the 2nd quarter valued at about $598,000. American Century Companies Inc. increased its position in Ouster by 38.5% during the 2nd quarter. American Century Companies Inc. now owns 45,615 shares of the company's stock valued at $448,000 after purchasing an additional 12,691 shares during the period. Renaissance Technologies LLC purchased a new position in Ouster during the 2nd quarter valued at about $1,217,000. XTX Topco Ltd increased its position in Ouster by 43.5% during the 2nd quarter. XTX Topco Ltd now owns 48,475 shares of the company's stock valued at $477,000 after purchasing an additional 14,695 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company's stock worth $6,424,000 after buying an additional 424,178 shares during the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Ouster in a research report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price objective on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $17.00 price objective on shares of Ouster in a research report on Friday, November 8th. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded shares of Ouster from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ouster presently has an average rating of "Buy" and a consensus price target of $13.17.

Ouster Trading Down 5.9 %

NYSE OUST traded down $0.67 on Monday, hitting $10.60. 1,413,881 shares of the company's stock traded hands, compared to its average volume of 1,920,045. Ouster, Inc. has a 1-year low of $4.65 and a 1-year high of $16.88. The firm's 50-day moving average price is $10.74 and its two-hundred day moving average price is $9.45. The firm has a market capitalization of $527.56 million, a PE ratio of -4.12 and a beta of 2.39.

Insider Buying and Selling at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mark Frichtl bought 5,045 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $9.78 per share, with a total value of $49,340.10. Following the completion of the purchase, the chief technology officer now owns 513,121 shares in the company, valued at approximately $5,018,323.38. This trade represents a 0.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 80,415 shares of company stock worth $748,620. Company insiders own 7.81% of the company's stock.

Ouster Profile

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.