Balyasny Asset Management L.P. Grows Holdings in Ouster, Inc. (NYSE:OUST)

Balyasny Asset Management L.P. raised its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,493 shares of the company's stock after purchasing an additional 24,798 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.54% of Ouster worth $3,293,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OUST. Daiwa Securities Group Inc. boosted its holdings in shares of Ouster by 18.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,977 shares of the company's stock valued at $85,000 after buying an additional 1,063 shares in the last quarter. AlphaQuest LLC boosted its stake in Ouster by 916.0% in the 4th quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after purchasing an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Ouster in the 4th quarter worth about $154,000. SVB Wealth LLC bought a new position in Ouster in the 4th quarter worth about $163,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Ouster by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,645 shares of the company's stock worth $228,000 after purchasing an additional 4,839 shares in the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total transaction of $65,192.00. Following the completion of the sale, the general counsel now owns 220,762 shares of the company's stock, valued at $2,481,364.88. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 9,099 shares of company stock worth $90,460. Company insiders own 7.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Westpark Capital upgraded shares of Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target on the stock in a research note on Friday, May 9th. Oppenheimer assumed coverage on shares of Ouster in a research note on Thursday, March 27th. They issued an "outperform" rating and a $16.00 price target on the stock. UBS Group set a $16.00 price target on shares of Ouster in a research note on Thursday, March 27th. Cantor Fitzgerald upped their price target on shares of Ouster from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $14.10.

Ouster Stock Down 1.4%

OUST traded down $0.16 during midday trading on Friday, hitting $11.08. 1,450,411 shares of the company traded hands, compared to its average volume of 1,278,662. The firm has a market capitalization of $595.73 million, a PE ratio of -4.31 and a beta of 2.25. The company's 50-day moving average is $8.44 and its 200 day moving average is $9.43. Ouster, Inc. has a 52 week low of $5.84 and a 52 week high of $16.88.

About Ouster

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.