10,846 Shares in Ouster, Inc. (NYSE:OUST) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Ouster, Inc. (NYSE:OUST - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,846 shares of the company's stock, valued at approximately $97,000.

A number of other institutional investors have also recently added to or reduced their stakes in OUST. Daiwa Securities Group Inc. boosted its stake in shares of Ouster by 18.0% in 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 last quarter. AlphaQuest LLC boosted its stake in Ouster by 916.0% during the fourth quarter. AlphaQuest LLC now owns 8,270 shares of the company's stock worth $101,000 after acquiring an additional 7,456 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Ouster during the fourth quarter worth $154,000. GAMMA Investing LLC boosted its stake in Ouster by 9,703.8% during the first quarter. GAMMA Investing LLC now owns 15,392 shares of the company's stock worth $138,000 after acquiring an additional 15,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Ouster by 35.0% during the fourth 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 in the last quarter. 31.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OUST has been the topic of several research analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $19.00 target price on shares of Ouster in a research note on Thursday, June 12th. Westpark Capital lowered shares of Ouster from a "buy" rating to a "hold" rating in a research note on Thursday, June 12th. Rosenblatt Securities reissued a "buy" rating and set a $17.00 target price on shares of Ouster in a research note on Friday, March 21st. UBS Group set a $16.00 price objective on shares of Ouster in a report on Thursday, March 27th. Finally, Oppenheimer assumed coverage on shares of Ouster in a report on Thursday, March 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ouster presently has a consensus rating of "Moderate Buy" and an average target price of $15.24.

Ouster Price Performance

Shares of OUST stock traded down $1.12 on Friday, hitting $23.34. The stock had a trading volume of 2,448,698 shares, compared to its average volume of 1,647,188. The business has a 50 day moving average of $16.09 and a 200 day moving average of $11.74. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -9.08 and a beta of 2.75. Ouster, Inc. has a 12-month low of $5.84 and a 12-month high of $26.07.

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.