SBI Securities Co. Ltd. Acquires Shares of 48,551 Ouster, Inc. (NYSE:OUST)

SBI Securities Co. Ltd. purchased a new position in shares of Ouster, Inc. (NYSE:OUST - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,551 shares of the company's stock, valued at approximately $593,000. SBI Securities Co. Ltd. owned approximately 0.10% of Ouster as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Ouster by 280.6% in the 3rd quarter. Barclays PLC now owns 57,330 shares of the company's stock valued at $361,000 after buying an additional 42,267 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ouster by 6.8% during the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company's stock valued at $6,146,000 after acquiring an additional 62,202 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Ouster during the third quarter worth $706,000. Stifel Financial Corp grew its stake in shares of Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company's stock worth $376,000 after purchasing an additional 44,275 shares during the last quarter. Finally, State Street Corp increased its holdings in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company's stock valued at $10,392,000 after purchasing an additional 37,926 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OUST has been the topic of a number of analyst reports. Cantor Fitzgerald upgraded Ouster from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Northland Capmk raised Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Finally, Northland Securities initiated coverage on shares of Ouster in a research report on Thursday, December 12th. They set an "outperform" rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ouster currently has a consensus rating of "Buy" and a consensus target price of $13.17.

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Ouster Trading Up 1.3 %

NYSE OUST traded up $0.10 during trading hours on Friday, hitting $8.08. The company's stock had a trading volume of 814,326 shares, compared to its average volume of 1,310,802. The company has a market capitalization of $402.15 million, a PE ratio of -3.14 and a beta of 2.38. Ouster, Inc. has a 52 week low of $4.65 and a 52 week high of $16.88. The company's 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $8.87.

Insider Activity

In other Ouster news, CFO Mark Weinswig sold 19,712 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 173,960 shares in the company, valued at $1,685,672.40. This represents a 10.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Angus Pacala bought 50,954 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the purchase, the chief executive officer now directly owns 769,957 shares in the company, valued at approximately $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 48,500 shares of company stock worth $469,814 over the last 90 days. 7.81% of the stock is currently owned by corporate insiders.

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.