EVR Research LP Takes $5.34 Million Position in Ouster, Inc. (NYSE:OUST)

EVR Research LP purchased a new stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 437,200 shares of the company's stock, valued at approximately $5,343,000. Ouster comprises approximately 1.8% of EVR Research LP's holdings, making the stock its 18th biggest position. EVR Research LP owned approximately 0.88% of Ouster as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in OUST. Trexquant Investment LP raised its stake in shares of Ouster by 113.9% in the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock worth $7,362,000 after acquiring an additional 320,742 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ouster by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock valued at $44,416,000 after acquiring an additional 155,736 shares during the period. New York State Common Retirement Fund boosted its holdings in Ouster by 25.8% in the fourth quarter. New York State Common Retirement Fund now owns 759,491 shares of the company's stock valued at $9,281,000 after acquiring an additional 155,640 shares during the last quarter. Essex Investment Management Co. LLC grew its position in shares of Ouster by 66.7% during the 4th quarter. Essex Investment Management Co. LLC now owns 275,433 shares of the company's stock worth $3,366,000 after buying an additional 110,181 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ouster by 548.6% in the fourth quarter. JPMorgan Chase & Co. now owns 121,934 shares of the company's stock worth $1,490,000 after acquiring an additional 103,135 shares in the last quarter. Institutional investors and hedge funds own 31.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. Westpark Capital assumed coverage on shares of Ouster in a research note on Monday, March 17th. They set a "hold" rating for the company. UBS Group set a $16.00 target price on shares of Ouster in a report on Thursday, March 27th. Cantor Fitzgerald upped their price objective on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, Oppenheimer assumed coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective on the stock. One equities research 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. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $14.57.

Ouster Stock Up 1.2 %

Shares of NYSE OUST traded up $0.09 during trading on Thursday, reaching $7.00. The company had a trading volume of 381,920 shares, compared to its average volume of 1,265,625. The company's fifty day moving average price is $8.54 and its 200-day moving average price is $9.19. The stock has a market cap of $348.15 million, a P/E ratio of -2.71 and a beta of 2.23. Ouster, Inc. has a 12 month low of $5.84 and a 12 month high of $16.88.

Insider Activity

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the sale, the general counsel now directly owns 220,762 shares in the company, valued at $2,481,364.88. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 9,099 shares of company stock worth $90,460 over the last quarter. 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.