Virtu Financial LLC Takes $375,000 Position in Ouster, Inc. (NYSE:OUST)

Virtu Financial LLC acquired a new position in shares of Ouster, Inc. (NYSE:OUST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,666 shares of the company's stock, valued at approximately $375,000. Virtu Financial LLC owned 0.06% of Ouster at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in shares of Ouster in the third quarter valued at approximately $81,000. Charles Schwab Investment Management Inc. boosted its stake in Ouster by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 356,407 shares of the company's stock valued at $2,245,000 after purchasing an additional 34,743 shares during the period. Centiva Capital LP acquired a new position in Ouster in the 3rd quarter valued at $167,000. Stifel Financial Corp increased its position in Ouster by 286.7% during the 3rd quarter. Stifel Financial Corp now owns 59,718 shares of the company's stock worth $376,000 after buying an additional 44,275 shares during the period. Finally, State Street Corp lifted its holdings in shares of Ouster by 2.4% during the third quarter. State Street Corp now owns 1,649,540 shares of the company's stock worth $10,392,000 after buying an additional 37,926 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Ouster Stock Down 4.4 %

Shares of OUST traded down $0.44 during midday trading on Friday, hitting $9.54. The company's stock had a trading volume of 1,252,613 shares, compared to its average volume of 1,328,150. Ouster, Inc. has a one year low of $5.84 and a one year high of $16.88. The stock has a market capitalization of $474.82 million, a price-to-earnings ratio of -3.71 and a beta of 2.38. The company's fifty day simple moving average is $9.36 and its two-hundred day simple moving average is $9.11.

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Insider Buying and Selling at Ouster

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the firm's 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 sale, the general counsel now owns 220,762 shares in the company, valued at $2,481,364.88. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 9,099 shares of company stock worth $90,460 over the last 90 days. Insiders own 7.81% of the company's stock.

Wall Street Analyst Weigh In

OUST has been the topic of a number of recent research reports. Northland Capmk raised shares of Ouster to a "strong-buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $17.00 target price on shares of Ouster in a report on Friday, March 21st. 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. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, Cantor Fitzgerald upped their target price on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.71.

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.