77,190 Shares in Ouster, Inc. $OUST Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. bought a new stake in Ouster, Inc. (NASDAQ:OUST) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 77,190 shares of the company’s stock, valued at approximately $4,826,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Ouster by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 1,421,130 shares of the company’s stock worth $30,758,000 after purchasing an additional 118,132 shares during the period. Penn Capital Management Company LLC increased its position in shares of Ouster by 24.1% in the fourth quarter. Penn Capital Management Company LLC now owns 775,297 shares of the company’s stock valued at $16,817,000 after buying an additional 150,337 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Ouster by 130.7% during the 4th quarter. Handelsbanken Fonder AB now owns 715,646 shares of the company’s stock worth $15,479,000 after buying an additional 405,441 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ouster by 1,521.8% during the 2nd quarter. Invesco Ltd. now owns 571,662 shares of the company’s stock worth $13,863,000 after buying an additional 536,413 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ouster by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 487,438 shares of the company’s stock worth $10,548,000 after buying an additional 21,019 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ouster

In other Ouster news, CTO Mark Frichtl sold 308,742 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $41.53, for a total transaction of $12,822,055.26. Following the sale, the chief technology officer directly owned 294,924 shares of the company’s stock, valued at $12,248,193.72. This trade represents a 51.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Darien Spencer sold 30,000 shares of Ouster stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $45.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief operating officer directly owned 299,806 shares of the company’s stock, valued at $13,491,270. The trade was a 9.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 509,004 shares of company stock worth $21,286,024 in the last ninety days. Company insiders own 5.72% of the company’s stock.

Ouster Price Performance

NASDAQ OUST opened at $38.42 on Monday. Ouster, Inc. has a fifty-two week low of $16.40 and a fifty-two week high of $63.79. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -44.67 and a beta of 3.25. The business has a fifty day moving average of $43.12 and a 200-day moving average of $32.06.

Ouster (NASDAQ:OUST) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.14). The company had revenue of $54.63 million for the quarter, compared to analyst estimates of $51.47 million. Ouster had a negative net margin of 26.02% and a negative return on equity of 17.49%. As a group, analysts anticipate that Ouster, Inc. will post -1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

OUST has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Ouster in a research note on Wednesday, August 12th. Oppenheimer restated an “outperform” rating and set a $57.00 target price (up from $42.00) on shares of Ouster in a research report on Wednesday, July 15th. Citigroup reaffirmed an “outperform” rating on shares of Ouster in a report on Tuesday, July 21st. Northland Securities set a $60.00 price target on shares of Ouster and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Roth Capital started coverage on shares of Ouster in a research report on Friday, May 29th. They issued a “buy” rating and a $75.00 price target on the stock. Six 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.67.

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.