Ouster, Inc. (NYSE:OUST) Shares Purchased by State Street Corp

State Street Corp raised its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,649,540 shares of the company's stock after acquiring an additional 37,926 shares during the period. State Street Corp owned approximately 3.41% of Ouster worth $10,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OUST. Marshall Wace LLP grew its position in Ouster by 184.9% in the 2nd quarter. Marshall Wace LLP now owns 653,530 shares of the company's stock valued at $6,424,000 after acquiring an additional 424,178 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Ouster in the second quarter valued at approximately $1,305,000. Renaissance Technologies LLC purchased a new stake in Ouster during the 2nd quarter worth approximately $1,217,000. GSA Capital Partners LLP acquired a new stake in Ouster during the 3rd quarter worth approximately $706,000. Finally, Rhumbline Advisers purchased a new position in Ouster in the 2nd quarter valued at approximately $598,000. 31.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total value of $273,781.84. Following the transaction, the chief financial officer now owns 198,650 shares in the company, valued at $1,732,228. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Megan Chung sold 13,671 shares of the 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 $132,471.99. Following the sale, the general counsel now directly owns 149,647 shares of the company's stock, valued at $1,450,079.43. The trade was a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,415 shares of company stock valued at $748,620 in the last three months. 7.81% of the stock is currently owned by company insiders.

Ouster Trading Down 8.9 %

NYSE:OUST traded down $1.22 during midday trading on Friday, hitting $12.49. 2,040,743 shares of the company were exchanged, compared to its average volume of 1,211,250. The company has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $9.23. The company has a market capitalization of $621.64 million, a PE ratio of -4.86 and a beta of 2.50. Ouster, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $16.88.

Analyst Ratings Changes

Several analysts have recently issued reports on OUST shares. Cantor Fitzgerald upgraded Ouster from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Northland Capmk upgraded shares of Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Finally, Northland Securities started coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price target for the company. One equities research 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 MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $13.17.

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.