New York State Common Retirement Fund Purchases 155,640 Shares of Ouster, Inc. (NYSE:OUST)

New York State Common Retirement Fund grew its holdings in Ouster, Inc. (NYSE:OUST - Free Report) by 25.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,491 shares of the company's stock after purchasing an additional 155,640 shares during the quarter. New York State Common Retirement Fund owned about 1.53% of Ouster worth $9,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in Ouster by 28.4% in the 3rd 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. SG Americas Securities LLC increased its position in Ouster by 19.9% in the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock valued at $240,000 after buying an additional 3,261 shares in the last quarter. Rhumbline Advisers increased its position in Ouster by 6.6% in the 4th quarter. Rhumbline Advisers now owns 79,191 shares of the company's stock valued at $968,000 after buying an additional 4,900 shares in the last quarter. Legato Capital Management LLC increased its position in Ouster by 16.3% in the 4th quarter. Legato Capital Management LLC now owns 65,860 shares of the company's stock valued at $805,000 after buying an additional 9,228 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in Ouster during the 3rd quarter worth approximately $67,000. 31.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Rosenblatt Securities reissued a "buy" rating and set a $17.00 price objective on shares of Ouster in a report on Friday, November 8th. Northland Securities began coverage on Ouster in a research note on Thursday, December 12th. They issued an "outperform" rating and a $14.00 target price on the stock. Cantor Fitzgerald upgraded Ouster from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $12.00 to $10.00 in a research note on Monday, November 11th. Finally, Northland Capmk upgraded Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.17.

Insider Activity at Ouster

In related news, CFO Mark Weinswig sold 19,712 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $191,009.28. Following the transaction, the chief financial officer now owns 173,960 shares in the company, valued at approximately $1,685,672.40. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Megan Chung sold 13,671 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $132,471.99. Following the sale, the general counsel now owns 149,647 shares in the company, valued at approximately $1,450,079.43. This represents a 8.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,500 shares of company stock worth $469,814. Insiders own 7.81% of the company's stock.

Ouster Price Performance

Shares of NYSE OUST traded up $0.16 during midday trading on Friday, reaching $8.25. The company's stock had a trading volume of 777,035 shares, compared to its average volume of 1,349,062. Ouster, Inc. has a 12-month low of $4.65 and a 12-month high of $16.88. The firm has a 50 day moving average price of $10.83 and a 200-day moving average price of $8.89. The stock has a market capitalization of $410.61 million, a P/E ratio of -3.21 and a beta of 2.36.

Ouster Company 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.