Bastion Asset Management Inc. Acquires Shares of 50,647 Ouster, Inc. $OUST

Bastion Asset Management Inc. bought a new position in Ouster, Inc. (NYSE:OUST) during the third quarter, HoldingsChannel.com reports. The fund bought 50,647 shares of the company’s stock, valued at approximately $1,388,000.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of Ouster by 610.1% in the 1st quarter. AQR Capital Management LLC now owns 296,311 shares of the company’s stock valued at $2,661,000 after acquiring an additional 254,580 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ouster by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,344 shares of the company’s stock valued at $255,000 after purchasing an additional 2,037 shares during the last quarter. CWM LLC boosted its stake in shares of Ouster by 35.0% during the 2nd quarter. CWM LLC now owns 15,647 shares of the company’s stock worth $379,000 after purchasing an additional 4,056 shares during the period. 180 Wealth Advisors LLC grew its holdings in Ouster by 2.8% during the 2nd quarter. 180 Wealth Advisors LLC now owns 41,014 shares of the company’s stock valued at $995,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Ouster by 153.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 733 shares during the period. 31.45% of the stock is currently owned by hedge funds and other institutional investors.

Ouster Stock Up 3.3%

Shares of NYSE OUST opened at $18.77 on Monday. The business has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $26.52. The firm has a market cap of $1.13 billion, a PE ratio of -7.30 and a beta of 2.91. Ouster, Inc. has a twelve month low of $6.34 and a twelve month high of $41.65.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OUST shares. Cantor Fitzgerald set a $33.00 target price on Ouster in a research report on Thursday, November 6th. Oppenheimer restated an “outperform” rating on shares of Ouster in a report on Thursday, December 4th. Northland Securities set a $38.00 target price on Ouster in a research note on Wednesday, November 5th. Finally, Westpark Capital reissued a “buy” rating and set a $50.00 target price on shares of Ouster in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

Insider Activity

In other Ouster news, Director Ted L. Tewksbury III sold 1,695 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $21.47, for a total transaction of $36,391.65. Following the transaction, the director directly owned 123,664 shares in the company, valued at $2,655,066.08. This represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Megan Chung sold 5,837 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $27.24, for a total transaction of $158,999.88. Following the transaction, the general counsel directly owned 183,141 shares in the company, valued at $4,988,760.84. This trade represents a 3.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 6.63% 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.