Ouster, Inc. (NYSE:OUST) Stake Increased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its stake in 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 SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in 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 purchasing an additional 1,063 shares during the period. AlphaQuest LLC boosted its holdings in shares of Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock valued at $101,000 after acquiring an additional 7,456 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Ouster during the fourth quarter worth about $154,000. SVB Wealth LLC acquired a new stake in shares of Ouster in the 4th quarter worth about $163,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of 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 acquiring an additional 4,839 shares during the period. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OUST shares. 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. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating and set a $13.68 price target for the company in a research report on Friday, May 9th. Rosenblatt Securities reissued a "buy" rating and issued a $17.00 price target on shares of Ouster in a research note on Friday, March 21st. Cantor Fitzgerald increased their target price on shares of Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, UBS Group set a $16.00 target price on shares of Ouster in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $14.10.

Ouster Trading Down 1.1%

NYSE:OUST traded down $0.13 during mid-day trading on Thursday, reaching $11.24. 898,965 shares of the stock were exchanged, compared to its average volume of 1,283,559. Ouster, Inc. has a 1-year low of $5.84 and a 1-year high of $16.88. The business has a fifty day moving average price of $8.30 and a 200 day moving average price of $9.36. The firm has a market capitalization of $604.33 million, a PE ratio of -4.37 and a beta of 2.25.

Insider Buying and Selling

In other Ouster news, General Counsel Megan Chung sold 5,800 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $11.24, for a total transaction of $65,192.00. Following the sale, the general counsel now owns 220,762 shares in the company, valued at approximately $2,481,364.88. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 9,099 shares of company stock worth $90,460 in the last ninety days. 7.81% of the stock is currently owned by corporate insiders.

Ouster Company 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.