Mitsubishi UFJ Asset Management Co. Ltd. Acquires 68,261 Shares of Ouster, Inc. (NYSE:OUST)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ouster, Inc. (NYSE:OUST - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,687 shares of the company's stock after buying an additional 68,261 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.71% of Ouster worth $4,310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Ouster by 18.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock worth $85,000 after buying an additional 1,063 shares during the period. AlphaQuest LLC boosted its stake in Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after purchasing an additional 7,456 shares during the period. Intech Investment Management LLC acquired a new position in Ouster in the 3rd quarter worth approximately $81,000. SVB Wealth LLC purchased a new position in Ouster during the 4th quarter worth approximately $163,000. Finally, SG Americas Securities LLC raised its stake in Ouster by 19.9% during the 4th quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock valued at $240,000 after purchasing an additional 3,261 shares during the period. Institutional investors and hedge funds own 31.45% of the company's stock.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of Ouster 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 transaction, the general counsel now owns 220,762 shares of the company's stock, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 9,099 shares of company stock worth $90,460 over the last three months. Corporate insiders own 7.81% of the company's stock.

Remove Ads

Ouster Stock Performance

Shares of Ouster stock traded down $0.83 during midday trading on Thursday, reaching $8.09. 1,143,460 shares of the company's stock traded hands, compared to its average volume of 1,284,047. Ouster, Inc. has a 52 week low of $5.84 and a 52 week high of $16.88. The company's 50 day simple moving average is $9.20 and its 200 day simple moving average is $9.14. The company has a market cap of $402.65 million, a price-to-earnings ratio of -3.15 and a beta of 2.38.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OUST shares. Cantor Fitzgerald lifted their price target on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Oppenheimer assumed coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price on the stock. Westpark Capital began coverage on shares of Ouster in a research report on Monday, March 17th. They issued a "hold" rating for the company. UBS Group set a $16.00 price objective on shares of Ouster in a research report on Thursday, March 27th. Finally, Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.00.

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.