Stifel Financial Corp Purchases 44,275 Shares of Ouster, Inc. (NYSE:OUST)

Stifel Financial Corp raised its position in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 286.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,718 shares of the company's stock after acquiring an additional 44,275 shares during the quarter. Stifel Financial Corp owned approximately 0.12% of Ouster worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP bought a new stake in shares of Ouster during the 3rd quarter valued at $167,000. Charles Schwab Investment Management Inc. boosted its stake in Ouster by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company's stock worth $2,245,000 after acquiring an additional 34,743 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Ouster in the third quarter worth about $81,000. GSA Capital Partners LLP bought a new position in shares of Ouster during the third quarter valued at approximately $706,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Ouster during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 31.45% of the company's stock.

Wall Street Analysts Forecast Growth

OUST has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of Ouster from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Rosenblatt Securities reiterated a "buy" rating and set a $17.00 price target on shares of Ouster in a report on Friday, November 8th. Northland Securities began coverage on shares of Ouster in a report on Thursday, December 12th. They issued an "outperform" rating and a $14.00 price objective for the company. Finally, Northland Capmk upgraded Ouster to a "strong-buy" rating in a research note on Thursday, December 12th. One 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 stock. According to data from MarketBeat.com, Ouster presently has a consensus rating of "Buy" and a consensus target price of $13.17.

Ouster Stock Down 8.9 %

NYSE:OUST traded down $1.22 during trading hours on Friday, hitting $12.49. 2,040,743 shares of the stock traded hands, compared to its average volume of 1,211,250. The stock has a 50 day moving average price of $9.30 and a 200 day moving average price of $9.21. The company has a market cap of $621.64 million, a price-to-earnings ratio of -4.86 and a beta of 2.50. Ouster, Inc. has a 1 year low of $4.65 and a 1 year high of $16.88.

Insider Transactions at Ouster

In related news, General Counsel Megan Chung sold 13,671 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.69, for a total transaction of $132,471.99. Following the completion of the transaction, the general counsel now directly owns 149,647 shares of the company's stock, valued at approximately $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Angus Pacala bought 50,954 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the completion of the transaction, the chief executive officer now directly owns 769,957 shares of the company's stock, valued at $7,537,879.03. This represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 80,415 shares of company stock valued at $748,620 over the last 90 days. Company insiders own 7.81% of the company's stock.

Ouster Company 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.