13,773 Shares in Ouster, Inc. $OUST Purchased by True North Advisors LLC

Key Points

• True North Advisors LLC has recently purchased 13,773 shares of Ouster, Inc. valued at approximately $334,000, marking a new position for the firm in the company's stock.
• Ouster, Inc. has a current market capitalization of $1.61 billion, with shares opening at $27.83 and a 52-week price range between $5.94 and $36.25.
• Insider transactions recently saw the COO and CEO sell shares at an average price of $28.46, decreasing their ownership stakes in the company.

True North Advisors LLC purchased a new position in Ouster, Inc. (NYSE:OUST - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,773 shares of the company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new position in shares of Ouster during the first quarter valued at approximately $39,000. FNY Investment Advisers LLC purchased a new position in shares of Ouster during the first quarter valued at approximately $49,000. AlphaQuest LLC boosted its position in shares of Ouster by 27.8% during the first quarter. AlphaQuest LLC now owns 10,566 shares of the company's stock valued at $95,000 after buying an additional 2,296 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ouster during the first quarter valued at approximately $97,000. Finally, CWM LLC boosted its position in shares of Ouster by 1,094.9% during the first quarter. CWM LLC now owns 11,591 shares of the company's stock valued at $104,000 after buying an additional 10,621 shares during the period. Hedge funds and other institutional investors own 31.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OUST shares. Westpark Capital upgraded Ouster from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Cantor Fitzgerald restated a "neutral" rating and set a $19.00 target price on shares of Ouster in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $15.95.

Ouster Stock Performance

Shares of NYSE OUST opened at $27.83 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -10.83 and a beta of 2.75. The stock has a 50 day moving average price of $28.67 and a 200 day moving average price of $18.73. Ouster, Inc. has a 52-week low of $5.94 and a 52-week high of $36.25.

Insider Transactions at Ouster

In related news, COO Darien Spencer sold 18,274 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $28.46, for a total value of $520,078.04. Following the completion of the transaction, the chief operating officer owned 346,132 shares of the company's stock, valued at $9,850,916.72. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Angus Pacala sold 37,992 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $28.46, for a total transaction of $1,081,252.32. Following the completion of the transaction, the chief executive officer directly owned 1,009,927 shares of the company's stock, valued at $28,742,522.42. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,778 shares of company stock worth $2,811,222 over the last three months. Company insiders own 6.63% of the company's stock.

Ouster 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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