D. E. Shaw & Co. Inc. Sells 560,953 Shares of Ouster, Inc. (NYSE:OUST)

D. E. Shaw & Co. Inc. reduced 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 and Exchange Commission (SEC). 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EVR Research LP bought a new position in shares of Ouster in the 4th quarter valued at approximately $5,343,000. Trexquant Investment LP grew its holdings in Ouster by 113.9% during the fourth quarter. Trexquant Investment LP now owns 602,448 shares of the company's stock valued at $7,362,000 after purchasing 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 purchasing an additional 235,563 shares during the period. Manatuck Hill Partners LLC acquired a new stake in shares of Ouster in the fourth quarter worth $2,566,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Ouster by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,634,680 shares of the company's stock worth $44,416,000 after buying an additional 155,736 shares during the period. Institutional investors and hedge funds own 31.45% of the company's stock.

Ouster Stock Performance

Shares of NYSE OUST opened at $11.47 on Tuesday. Ouster, Inc. has a 52-week low of $5.84 and a 52-week high of $16.88. The business has a fifty day moving average of $8.17 and a two-hundred day moving average of $9.33. The stock has a market cap of $616.70 million, a PE ratio of -4.46 and a beta of 2.25.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research report on Friday, March 21st. Oppenheimer initiated coverage on Ouster in a research report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective for the company. Cantor Fitzgerald raised their target price on Ouster from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group set a $16.00 price target on Ouster in a research report on Thursday, March 27th. Finally, Westpark Capital raised 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. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $14.10.

Insider Buying and Selling

In other news, General Counsel Megan Chung sold 5,800 shares of the stock in a transaction on 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. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,099 shares of company stock worth $90,460 in the last quarter. 7.81% of the stock is 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.

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