Raymond James Financial Inc. Takes Position in Ouster, Inc. (NYSE:OUST)

Raymond James Financial Inc. purchased a new position in shares of Ouster, Inc. (NYSE:OUST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 91,509 shares of the company's stock, valued at approximately $1,118,000. Raymond James Financial Inc. owned 0.18% of Ouster as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Ouster in the 3rd quarter valued at $81,000. SVB Wealth LLC purchased a new position in Ouster in the fourth quarter valued at $163,000. Centiva Capital LP purchased a new position in Ouster in the third quarter valued at $167,000. SG Americas Securities LLC raised its position in shares of Ouster by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company's stock worth $240,000 after acquiring an additional 3,261 shares during the period. Finally, Barclays PLC boosted its stake in shares of Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company's stock worth $361,000 after acquiring an additional 42,267 shares in the last quarter. Hedge funds and other institutional investors own 31.45% of the company's stock.

Insider Activity

In other news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 in the company, valued at $2,481,364.88. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 9,099 shares of company stock worth $90,460 over the last three months. Insiders own 7.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OUST shares. Westpark Capital assumed coverage on Ouster in a research note on Monday, March 17th. They issued a "hold" rating for the company. Oppenheimer initiated coverage on Ouster in a research note on Thursday, March 27th. They set an "outperform" rating and a $16.00 target price for the company. Northland Securities began coverage on shares of Ouster in a research note on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price target on the stock. Cantor Fitzgerald boosted their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, UBS Group set a $16.00 price objective on shares of Ouster in a report on Thursday, March 27th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $14.57.

Ouster Trading Down 11.0 %

OUST stock traded down $0.82 during midday trading on Tuesday, reaching $6.61. The stock had a trading volume of 1,797,376 shares, compared to its average volume of 1,278,390. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The company's fifty day simple moving average is $8.97 and its 200 day simple moving average is $9.18. The company has a market cap of $328.99 million, a price-to-earnings ratio of -2.57 and a beta of 2.23.

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.