Ouster, Inc. $OUST Shares Purchased by UBS Group AG

UBS Group AG increased its position in shares of Ouster, Inc. (NASDAQ:OUST) by 67.7% in the fourth quarter, HoldingsChannel reports. The firm owned 301,469 shares of the company’s stock after acquiring an additional 121,708 shares during the quarter. UBS Group AG’s holdings in Ouster were worth $6,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock worth $97,000 after purchasing an additional 525 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Ouster by 5.5% during the second quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after purchasing an additional 599 shares during the period. Prosperity Wealth Management Inc. lifted its holdings in Ouster by 5.5% in the third quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after acquiring an additional 675 shares during the period. Creative Planning lifted its holdings in Ouster by 1.6% in the third quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after acquiring an additional 677 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Ouster by 1.4% in the third quarter. Alliancebernstein L.P. now owns 50,800 shares of the company’s stock valued at $1,374,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Trading Down 3.3%

Shares of NASDAQ:OUST opened at $29.72 on Wednesday. Ouster, Inc. has a 12-month low of $9.77 and a 12-month high of $41.65. The company has a market capitalization of $1.87 billion, a PE ratio of -30.64 and a beta of 3.06. The business has a 50 day moving average of $23.88 and a two-hundred day moving average of $23.27.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OUST. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Oppenheimer reissued an “outperform” rating and issued a $40.00 price target on shares of Ouster in a report on Tuesday, March 3rd. Weiss Ratings began coverage on Ouster in a report on Friday. They issued a “sell (d-)” rating for the company. Finally, Cantor Fitzgerald downgraded Ouster from an “overweight” rating to a “neutral” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.20.

Insider Activity at Ouster

In other news, CTO Mark Frichtl sold 136,434 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $32.56, for a total transaction of $4,442,291.04. Following the completion of the transaction, the chief technology officer directly owned 628,638 shares of the company’s stock, valued at $20,468,453.28. This represents a 17.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Angus Pacala sold 24,657 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.43, for a total value of $577,713.51. Following the transaction, the chief executive officer directly owned 960,660 shares of the company’s stock, valued at approximately $22,508,263.80. The trade was a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 484,159 shares of company stock valued at $13,522,138. Corporate insiders own 5.72% of the company’s stock.

Ouster Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.