Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ouster, Inc. (NYSE:OUST - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 352,687 shares of the company's stock after purchasing an additional 68,261 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.71% of Ouster worth $4,310,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ouster by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock worth $44,416,000 after buying an additional 155,736 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of 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 purchasing an additional 155,640 shares during the period. Essex Investment Management Co. LLC increased its position in Ouster by 66.7% during the fourth quarter. Essex Investment Management Co. LLC now owns 275,433 shares of the company's stock worth $3,366,000 after purchasing an additional 110,181 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Ouster during the fourth quarter worth about $1,118,000. Finally, Geode Capital Management LLC grew its stake in shares of Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company's stock valued at $6,146,000 after buying an additional 62,202 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, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the sale, the general counsel now directly owns 220,762 shares of the company's stock, valued at approximately $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 9,099 shares of company stock valued at $90,460 in the last three months. 7.81% of the stock is currently owned by company insiders.
Ouster Stock Performance
NYSE OUST traded down $0.89 during trading on Friday, reaching $7.20. 1,883,204 shares of the company's stock were exchanged, compared to its average volume of 1,274,051. Ouster, Inc. has a 1 year low of $5.84 and a 1 year high of $16.88. The stock has a market cap of $358.35 million, a P/E ratio of -2.80 and a beta of 2.23. The company has a 50 day moving average price of $9.13 and a two-hundred day moving average price of $9.19.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Northland Securities assumed coverage on Ouster in a research report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price objective for the company. UBS Group set a $16.00 target price on shares of Ouster in a research report on Thursday, March 27th. Westpark Capital assumed coverage on shares of Ouster in a research report on Monday, March 17th. They set a "hold" rating for the company. Cantor Fitzgerald increased their price objective on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Oppenheimer began coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 price target on the stock. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $14.57.
Read Our Latest Stock Report on Ouster
About Ouster
(
Free Report)
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.
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