D. E. Shaw & Co. Inc. Lowers Holdings in Ouster, Inc. (NYSE:OUST)

D. E. Shaw & Co. Inc. trimmed its stake in shares of Ouster, Inc. (NYSE:OUST - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,264,443 shares of the company's stock after selling 560,953 shares during the period. D. E. Shaw & Co. Inc. owned 2.54% of Ouster worth $15,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EVR Research LP acquired a new stake in shares of Ouster in the fourth quarter valued at about $5,343,000. Trexquant Investment LP raised its position in shares of Ouster by 113.9% in the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock valued at $7,362,000 after buying an additional 320,742 shares during the last quarter. Penn Capital Management Company LLC raised its position in shares of Ouster by 27.4% in the fourth quarter. Penn Capital Management Company LLC now owns 1,094,528 shares of the company's stock valued at $13,375,000 after buying an additional 235,563 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of Ouster in the fourth quarter valued at about $2,566,000. Finally, Vanguard Group Inc. raised its position in shares of Ouster by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock valued at $44,416,000 after buying an additional 155,736 shares during the last quarter. 31.45% of the stock is owned by hedge funds and other institutional investors.

Ouster Stock Down 1.4%

Shares of OUST traded down $0.16 during trading on Friday, reaching $11.08. 1,450,411 shares of the company traded hands, compared to its average volume of 1,278,662. Ouster, Inc. has a twelve month low of $5.84 and a twelve month high of $16.88. The stock has a market cap of $595.73 million, a PE ratio of -4.31 and a beta of 2.25. The stock has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $9.45.

Insider Buying and Selling at Ouster

In other news, General Counsel Megan Chung sold 5,800 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $11.24, for a total value of $65,192.00. Following the completion of the transaction, the general counsel now owns 220,762 shares of the company's stock, valued at approximately $2,481,364.88. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 9,099 shares of company stock worth $90,460 over the last three months. Insiders own 7.81% of the company's stock.

Analysts Set New Price Targets

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

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.